To a co-precipitating aqueous solution, aqueous solutions containing (a) Tb ions, (b) at least one other rare earth ions selected from the group consisting of Y ions and lanthanoid rare earth ions (excluding Tb ions), (c) Al ions and (d) Sc ions are added; the resulting solution is stirred at a liquid temperature of 50° C. or less to induce a co-precipitate of the components (a), (b), (c) and (d); the co-precipitate is filtered, heated and dehydrated; and the co-precipitate is fired thereafter at from 1,000° C. to 1,300° C., thereby forming a sinterable garnet-type complex oxide powder.