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Granville
AREA REPORTS

Granville

Granville - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4650

house

GRANVILLE, 4650 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling GRANVILLE, 4650 values up and netting property investors a capital gain of 14% for the past year.

Investors saw the median home price rise to $285,000.

Profits due to an upward trend in home prices in the suburb averaged 11.11% per annum over a 3-year period.

GRANVILLE now ranks at the 918th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in GRANVILLE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $343.25 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GRANVILLE, homes and units usually stay on listing for an average of 53.6 days.

In 2016, 95 properties were sold in GRANVILLE during the past year, making it the 9th most active market in QLD based on total real estate transactions.

Data report can be found below

Granville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $285,000 N/A
GROWTH REPORT
Median Quarterly 0.44% N/A
Median 12 month 14% N/A
Median 3 years 33.33% N/A
Median 5 years 25.27% N/A
10 years average annual 2.21% N/A
Weekly media advert. rent $343.25 N/A
Time on Market 53.6 days N/A
Gross Rental Yield Percent 6.26% N/A
demographics (median values)*
Total Population
2607
Weekly Household Income
704.7
Household Size
2.60
Age
39
Monthly Loan Repayment
997
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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