Suburb Profile Report for Grantville VIC (3984)

Grantville House: Median price $279,950, Annual capital growth 5.67%, Number of sales 37, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report

Property value increases in Grantville have tracked close to the VIC average of 9.04% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Grantville has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Grantville, 3984. Typically our figures indicate that -7.74% is being offered, which puts this VIC suburb at 860th most discounted overall in Australia.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 5.67%, investors should hope to achieve an overall return of 5.94%

Metrics i HOUSE UNIT
$279,950 N/A
N/A N/A
10.87% N/A
5.67% N/A
$320 N/A
37 N/A
5.94% N/A
126.09 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 738
Median household income ($/weekly) 686
Median age of persons 48
Median housing loan repayment ($/monthly) 1083
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 82 11.1
    35-44 years 83 11.2
    45-54 years 98 13.3
    55-64 years 145 19.6
    65-74 years 109 14.8
    Others 221 29.9
    Age Group
    Census Count Percent(%)
    Not Married 250 43.6
    Registered Married 248 43.3
    Defacto Relationship 75 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 571 81.7
    New Zealand 10 1.4
    Papua New Guinea 13 1.9
    United Kingdom 53 7.6
    Other 13 1.9
    Others 39 5.6
    Country of Birth
    Census Count Percent(%)
    Christianity 393 59.4
    No Religion 251 37.9
    Buddhism 12 1.8
    Judaism 3 0.5
    Other Religious Groups 3 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 38 12.9
    $400-$599 51 17.3
    $600-$799 45 15.3
    $800-$999 29 9.8
    $1,500-$1,999 22 7.5
    Others 110 37.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 302 51.4
    Employed, worked full-time 151 25.7
    Employed, worked part-time 93 15.8
    Employed, away from work 22 3.7
    Unemployed, looking for work 19 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 36 13.4
    Technicians & trades workers 47 17.5
    Clerical & administrative workers 28 10.4
    Machinery operators & drivers 35 13.1
    Labourers 43 16.0
    Others 79 29.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 60 52.6
    Secondary 35 30.7
    Pre-school 10 8.8
    Technical or Further Educational Institution 9 7.9
    University or other Tertiary Institutions 0 0.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 634 91.5
    Caravan, cabin, houseboat 48 6.9
    Semi-detached, row or terrace house, townhouse 7 1.0
    Flat, unit or apartment 4 0.6
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 141 44.2
    Being purchased 95 29.8
    Rented 83 26.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals