Suburb Profile Report for Granville NSW (2142)

Granville House: Median price $800,000, Annual capital growth 9.17%, Number of sales 97, Weekly median advertised rent $450

Granville Unit: Median price $471,000, Annual capital growth 6.58%, Number of sales 121, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Granville, 2142 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.44%

Comparing Granville,2142 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Granville should be aiming for at least -8.52% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Granville the average time real estate has been on the market is 81.63 days.

Advertised rents are around the $450 mark per week – giving a return of 2.93% based on the median price in Suburb

Granville, 2142 ranked 475th in NSW when comparing growth in median property values or capital gain over the last 12 months. Granville is one of 3163 in our list for NSW

Comparing Granville,2142 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Granville is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 111th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 10.08 sales per month, which equates to 121 per year.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 6.58%, investors should hope to achieve an overall return of 4.53%

Metrics i HOUSE UNIT
$800,000 $471,000
0.00% 0.43%
-2.44% -2.89%
9.17% 6.58%
$450 $410
97 121
2.93% 4.53%
81.63 49.74

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 13989
Median household income ($/weekly) 1086
Median age of persons 30
Median housing loan repayment ($/monthly) 1777
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1561 11.2
    20-24 years 1368 9.8
    25-34 years 3197 22.9
    35-44 years 2021 14.4
    45-54 years 1568 11.2
    Others 4275 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 4905 48.3
    Not Married 4857 47.8
    Defacto Relationship 398 3.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5259 41.5
    Croatia 969 7.6
    Indonesia 1252 9.9
    Malaysia 932 7.4
    Other 1857 14.6
    Others 2407 19.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 694 5.5
    Christianity 5808 46.3
    Hinduism 1596 12.7
    Islam 2459 19.6
    No Religion 1565 12.5
    Others 412 3.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 393 9.8
    $600-$799 446 11.1
    $800-$999 394 9.8
    $1,000-$1,249 408 10.1
    $1,500-$1,999 570 14.2
    Others 1811 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3849 37.7
    Employed, worked full-time 3636 35.6
    Employed, worked part-time 1724 16.9
    Unemployed, looking for work 620 6.1
    Employed, away from work 394 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1075 18.7
    Technicians & trades workers 787 13.7
    Community & personal service workers 576 10.0
    Clerical & administrative workers 889 15.5
    Labourers 767 13.3
    Others 1659 28.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 954 28.3
    Secondary 682 20.3
    Technical or Further Educational Institution 528 15.7
    University or other Tertiary Institutions 762 22.6
    Other type of educational institution 246 7.3
    Others 194 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6609 51.5
    Flat, unit or apartment 4930 38.4
    Semi-detached, row or terrace house, townhouse 1224 9.5
    House or flat attached to a shop, office 60 0.5
    Improvised home, tent, sleepers out 17 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2080 48.0
    Being purchased 1304 30.1
    Fully owned 930 21.4
    Other tenure type 22 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals