Suburb Overview
Garvoc is a regional centre in Victoria, Australia, with a population of approximately 248, making it a boutique locality. Located approximately 197 km from the Melbourne CBD, Garvoc is a regional area in Victoria. The median household income is $76,336 per year.
Location
Key Indicators
Postcode
3265
Postcode for Garvoc, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →
Population
248
Usual resident population at the most recent census.
Median weekly rent
$200/wk
Median weekly rent recorded at the 2021 Census — market rents have risen since, so treat this as a dated baseline, not a current figure.
Median household income
$76,336
Annual median household income (before tax) across all households.
Distance to CBD
197 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$1,200/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
85% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Investment Insight
Garvoc is a smaller community of 248 — about 3% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Household income of $76,336/year is 20% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. At the 2021 Census, rent of $200/week covered 72% of the $1,200/month median mortgage recorded at the same Census, leaving a gap of roughly $333/month at the time. Rents and repayments have both risen since — re-run the numbers with current figures before drawing conclusions. Garvoc is 197 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
Garvoc vs Victoria Median
How Garvoc stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Garvoc sits above the state median; negative means below.
| Metric | Garvoc | VIC median | Δ vs state |
|---|---|---|---|
| Population | 248 | 7,416 | -97% |
| Median household income | $76,336/yr | $95,160/yr | -20% |
| Median rent (weekly, 2021 Census) | $200 | $380 | -47% |
| Median mortgage (monthly, 2021 Census) | $1,200 | $1,950 | -38% |
| Distance to CBD | 197 km | 32 km | +516% |
| Separate houses | 85% | 78% | +7pp |
Investor Checklist
Pre-inspection briefing for Garvoc — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 248 residents — 3% of the VIC suburb median (7,416).
- Purchasing power: median household income $76,336/year (-20% vs Victoria suburb median of $95,160).
- Cash-flow coverage (2021 Census): $200/week rent (≈ $867/month) covered ~72% of the $1,200/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 197 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 85% separate houses — house-dominant market (vs 78% state median).
- Rate stress-test: budget ~$120/month extra for a 1-percentage-point RBA rate rise on top of the $1,200/month median repayment.
- Tenant rent burden: 14% of the median household income is spent on rent — comfortably affordable.
Investment Strategy
Limited buy-and-hold upside: a small population of 248 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Moderate rental coverage at the 2021 Census: rent of $200/week covered 72% of a $1,200/month mortgage, a $333/month gap bridged with equity, depreciation and tax benefits. Re-check with current rents and rates before committing.
With 85% houses in a 248-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Risk Factors
- Interest-rate sensitivity: the $1,200/month median mortgage in Garvoc means a 1-percentage-point RBA rate rise could add roughly $120/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Income vulnerability: household incomes in Garvoc are 20% below the Victoria median ($76,336 vs $95,160), which tends to compress rent growth and increases exposure to local unemployment shocks.
- Liquidity risk: with 248 residents, Garvoc has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- Commute distance: at 197 km from the nearest CBD, Garvoc depends on local employment rather than city-driven commuter demand, which amplifies the market's sensitivity to regional industry slowdowns.
- House-dominant stock: 85% of dwellings are separate houses, so value is concentrated in land — weather events, insurance repricing and land-tax changes hit investors here more directly than in a unit-heavy suburb.
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Start your first-home journey →2026 Outlook
Capital-growth expectations for Garvoc are modest for 2026 — incomes 20% below the VIC median of $95,160 and a population of 248 suggest gains will lag headline metro markets. At the 2021 Census, rental coverage ran at ~72% of the typical mortgage ($867/month rent vs $1,200/month repayment), leaving a manageable top-up for most investors. Verify against current rents and rates. Overall investor sentiment for Garvoc is cautious heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Victoria median.
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Frequently Asked Questions
Is Garvoc a good suburb for investment?
Whether Garvoc suits you depends on your strategy, but the fundamentals are concrete: a population of 248, a median household income of $76,336/year and median weekly rent of $200. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Garvoc?
The main demand drivers in Garvoc are a median household income of $76,336/year, a dwelling mix that is 85% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Garvoc?
Garvoc has a usual resident population of approximately 248, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
How far is Garvoc from the Melbourne CBD?
Garvoc sits 197 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
What is the median rent in Garvoc?
The most recent census recorded a median weekly rent of $200 in Garvoc, equating to approximately $10,400/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
What is the typical mortgage repayment in Garvoc?
The median monthly mortgage repayment in Garvoc is $1,200, or approximately $14,400/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
Is Garvoc cash-flow positive for investors?
A median weekly rent of $200 works out to $867/month, covering 72% of the median mortgage repayment of $1,200/month. That leaves a $333/month shortfall (around $3,996/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
What are the main risks of investing in Garvoc?
The main risks are a thin buyer pool (248 residents), interest-rate sensitivity on the $1,200 median mortgage, below-median household incomes ($76,336 vs $95,160 state median), the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
How we built this Garvoc profile
The population, postcode, median household income, and dwelling mix on this page are real figures from the ABS 2021 Census (income is the ABS median weekly household income annualised) and Australia Post. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage repayment are 2021 figures and are clearly labelled as such wherever they appear — they are five years old and have moved substantially since. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.