Fraud Blocker

Granville, NSW 2142

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Granville, NSW 2142 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Granville, NSW 2142”

  1. The total adult population (15 years or older) of Granville 2142 NSW is 14,109, with a median age of 31. Of those, 47.44% are married, 10.98% are divorced or separated, 38.59% are single and 3.01% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,604. The median monthly mortgage repayment for households in this suburb is $1,873 which is 28.36% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Granville, postcode 2142, is situated in NSW and is home to approximately 7,544 households. As of the third quarter of 2023, the standard house prices in Granville stand at $954,808, with its median weekly rent positioned at $525. This situation translates to an indicative yield of 2.86%, which is just below the desired minimal yield of 3% for cashflow-centered property investors.

    Delving into the socio-economic condition of Granville, the suburb records an IRSAD score of 942 from a possible 1217, signifying the availability of reasonable economic resources, a fair income level, and the existence of competent professional skills. However, the renter-to-owner proportion in the area stands at 47%, which is considered high, and this possibly signifies farely high competition amongst landlords, possibly pressuring the rental returns over the long term and reducing the overall suburb desirability.

    Houses appear more in terms of dwelling type, with a units-to-houses ratio standing at 53%. While lower proportions are more desirable to limit the rental market oversaturation, the current situation may impact the appeal for families looking for longer tenancy periods.

    The ‘years to own’ metric is an important affordability index for houses in Granville and currently stands at 57 years. This recorded duration is somewhat above the standard 30-year mortgage term, indicating that housing affordability in the suburb is rather low.

    When considering the supply metrics for the suburb, the stock on market Percentage (SoM%) for houses is valued at 0.5%, indicating a balanced market with neither high nor low supply. The inventory level, a measure of the market absorption rate of new listings, is at 2.57 months. This falls within the favourable lower range and suggests that house listings in Granville aren’t lingering on the market for extended periods. The building approvals Ratio for houses stands at 0.79%, reflecting a controlled supply of new dwellings, which is favourable.

    Looking at the demand metrics, the average number of days houses remain ‘for sale’ on the market is just 24, well below the 35 days benchmark that indicates a high demand market. This suggests a strong appetite for houses in Granville. The vacancy rate, which combines both houses and units, at 0.48%, points to a very high demand suburb with little housing supply. This situation can attract higher rental yield due to the limited supply. However, the buy search index for houses scoring at 3 is considered neutral, with neither limited nor high demand.

    In summary, several of Granville’s property market metrics reflect a favourable investment climate despite the low affordability index and relatively high renter-to-owner ratio. The strong demand indicated by the short days on market and extremely low vacancy rates offset some not-so-positive fundamentals and essentials. The HtAG Analytics’ Relative Composite Score (RCS) could also be useful to determine the holistic investment potential of Granville using more than 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment