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Granton

POSTAL CODE: TAS, 7030
HOUSE

Property investments in GRANTON did not fare well against the rest of the country last year, registering a median home price decrease of -2.2%.

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

Based on its average 5-year and quarterly capital gains GRANTON, 7030 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 79.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $857,000.

GRANTON ranks 90th on the list of best yielding suburbs for rental properties in TAS, posting a 3.94% return.

Surburb overview

Granton, with the postcode 7030, is a suburb located approximately 18 kilometres north-west of Hobart’s central business district in Tasmania. Positioned along the banks of the River Derwent, Granton offers a picturesque setting with a blend of suburban and semi-rural living. The population of Granton is around 2,500 residents, comprising a mix of families, professionals, and retirees who appreciate the suburb’s tranquil environment and scenic beauty.

Granton falls under the jurisdiction of both the City of Glenorchy and the Brighton Council, ensuring well-maintained infrastructure and community services. Public transportation is available, with Metro Tasmania buses providing regular services to Hobart’s CBD and surrounding areas, making commuting convenient for residents. The suburb is also easily accessible by road, with the Brooker Highway and Midland Highway providing direct routes to Hobart and other nearby towns.

Educational facilities near Granton include nearby schools in the surrounding suburbs, such as Austins Ferry Primary School, St Virgil’s College, and Brighton Primary School, catering to the educational needs of families with children. For secondary education, students typically attend schools like Claremont College and Jordan River Learning Federation. The region also offers various early childhood education centres, ensuring comprehensive educational opportunities for families.

For shopping and essential services, Granton residents often visit the nearby Claremont Plaza Shopping Centre and Bridgewater marketplace, which offer a variety of retail stores, supermarkets, cafes, and dining options. These centres provide residents with convenient access to everyday needs and more extensive shopping experiences. For additional shopping, dining, and entertainment options, residents can easily travel to Hobart.

Granton offers numerous recreational activities, with several parks and green spaces enhancing the suburb’s appeal. The Granton Reserve is a popular local spot featuring walking trails, picnic areas, and playgrounds, making it ideal for family outings and outdoor activities. The nearby Wellington Park provides further opportunities for hiking, mountain biking, and enjoying the natural beauty of the area.

The suburb’s location along the River Derwent allows for various water-based activities such as fishing, kayaking, and boating. The scenic riverfront provides opportunities for leisurely walks and cycling, offering picturesque views and a peaceful environment for outdoor recreation.

Residents of Granton benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb’s strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including Mount Wellington and the Derwent Valley.

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