Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,230,500.
The upward trend in home prices in GRANVILLE, 2142 averaged 7.72% per annum over a 3-year period.
Average weekly rents on listings have reached the $605 mark, reflecting a 2.56% increase in returns based on the current median price in GRANVILLE.
An average of 6.5 real estate transactions take place per month in GRANVILLE which translates to 78 per annum.
78 properties were sold in GRANVILLE in 2016, making it the 124th most active market in NSW based on total real estate transactions.
GRANVILLE, 2142 places 260th in Australia based on median property value growth during the quarter.
Granville lies 18 km west of the Sydney central business district and is split between the Cumberland City Council and the City of Parramatta. The suburb spans approximately 3.3 square kilometres and sits around 17 metres above sea level.
According to the 2021 Census, Granville recorded a residential population of 16,716, up from 15,332 in 2016, indicating a steady 9 per cent growth. The predominant age group in the suburb falls between 20 and 29 years, and households are primarily comprised of couples with children, repaying mortgages averaging between $1,800 and $2,400 per month.
Granville displays cultural diversity, with a significant proportion of residents born overseas, and approximately 20.9 per cent using public transport as their primary commute mode, compared with 38.5 per cent travelling by car.
Granville railway station, heritage-listed and aligned on the Main Suburban, Western and South lines, handles an average of 10,993 entries and exits each weekday in 2023, and connects to Parramatta and the CBD in around 25–30 minutes. Bus services run along Parramatta Road and through the town centre, linking to neighbouring suburbs.
Essential establishments include a Woolworths supermarket, various medical clinics, bank branches and an emerging café scene, supported by nearby shopping centres in Parramatta and Merrylands.
Education options include Granville Boys High School, a selective public secondary school with approximately 509 students, as well as multiple primary schools within a short distance. Recreational amenities include Granville Park and Holroyd Gardens, which feature playgrounds, water play areas, and open spaces for walking and sports.
Local heritage assets, such as the State-listed Crest Theatre and Granville Town Hall, both dating back to the late 19th and mid-20th centuries, illustrate the suburb’s historic character.
This combination of demographic growth, accessible transportation, education, and cultural infrastructure frames Granville as a well-connected western Sydney suburb with strong community foundations.