Fraud Blocker

Granton, TAS 7030

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 Granton, TAS 7030 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 “Granton, TAS 7030”

  1. The total adult population (15 years or older) of Granton 7030 TAS is 1,552, with a median age of 40. Of those, 53.80% are married, 8.83% are divorced or separated, 34.73% are single and 2.84% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,920. The median monthly mortgage repayment for households in this suburb is $1,671 which is 18.73% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the scenic state of Tasmania, GRANTON 7030 harbours roughly 822 households. These dwellings, as of Q3 in 2023, consists predominantly of houses which typically draw market prices around $784,786. These houses see a median weekly rent of $540 which equates to an indicative yield of a promising 3.58%.

    The residents of GRANTON 7030 are provided with an above average access to economic resources, marked by an IRSAD score of 993 out of a possible 1217, showcasing stable income levels and opportunities for skilled professions. With a renter to owner ratio of just 8%, the suburb enjoys a compelling owner-occupier versus renter dynamic, making it less saturated with rental properties, thereby increasing its desirability and long term returns for property investors.

    Adding to that is the units to houses ratio of this location, a mere 6%. This low proportion means less competition among landlords for tenants due to lower unit numbers, for which rental demand can maintain a high yield value.

    However, the affordability index of GRANTON 7030 sits at 35 years, implying that potential homeowners need to consider the longer duration to fully own a property in this area. Despite this, currently, stock on market Percentage is at an alluring 0.14%, marking an extremely low supply. Combined with an inventory level for houses that stands at only 0.75 months, it demonstrates exceptionally quick uptake of new listings in this market.

    The building approvals ratio stands at a high 7.95% suggesting an increased supply of new dwellings on the horizon. However, with an impressively low days on market record for houses at just 7 days, the demand can be regarded as steadfastly high. Do be aware that the vacancy rate sits at 4.55% for both houses and units, suggesting that property investors might see a relatively longer time to fill tenancies.

    Finally, with a buy search index ringing in at 3, it signals a neutral interest level of potential buyers in this suburb. Notwithstanding, looking at the broader picture with focus on the considerable attractive metrics, GRANTON 7030 presents as a potentially worthy market for property investors who are seeking not just immediate rental returns but also longer-term capital growth prospects.

    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