Garran ACT Property Investment

Garran has compounded at 5.4%/yr over 5 years. Median sits in the $1,401,328–$1,600,000 (sources disagree, range shown — do NOT quote a single number) band today. Properties are sitting on market for 35 days (roughly balanced conditions).

• Median house: $1,401,328–$1,600,000 (sources disagree, range shown — do NOT quote a single number) | Units: $788,375
• Gross yield: 2.7% | Net yield: 1.2%
• 5yr price CAGR: 5.4%/yr | 3yr forecast: 13.5%/yr
• Population: 3,706 | Owner-occupier rate: 72% | Affluence: Very High

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 2.0% (improving) | Rental demand: High
• Median weekly rent: $830/wk | Days on market: 35 (stable)
• Balanced market — vacancy manageable but monitor trend.

• Median nightly rate: $426/night | Occupancy: 52%
• Estimated annual STR gross: ~$80,796/yr
• vs long-term rent: $43,160/yr (+87% STR premium — factor in higher management costs)

• ACT Light Rail Stage 2B (Woden) (Announced)
• ACT Light Rail Stage 2A (Under Construction)
• Transport: Canberra Station station 4.5km away

If Garran maintains 3%+ annual growth and vacancy stays below 1.4%, median prices could reach $1,818,150 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Garran pull back 10-15% from $1,581,000, with vacancy rising to 3.6% and rental yields softening as tenants gain leverage.

• No significant risk factors identified for this suburb

• Narrabundah (ACT): $1,366,000 median, 3.1% yield, 15.3% 1yr growth
• Downer (ACT): $1,193,000 median, 3.1% yield, 2.2% 1yr growth
• McKellar (ACT): $1,108,440 median, 3.8% yield, 0.5% 1yr growth

Garran presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 2.7% and prioritise properties with value-add potential. Consider timing entry around the current cooling phase of the market cycle.

• Entry range: $1,422,900 – $1,739,100
• Minimum gross yield to target: 4.5%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.