Granton
Low-density, owner-occupied housing defines Granton. With 1,903 residents across 25.36 sq km, it reads less urban than nearby Austins Ferry or Bridgewater: density is 75.0 people per sq km and 97.1% of dwellings are separate houses. Owner-occupiers dominate, with 55.7% mortgaged and only 8.0% renting, while household income sits at the 79.4 percentile nationally. The trade-off is car dependence, because 83.8% drive to work and there are 0 local schools.
Local council: Derwent Valley (80% of the suburb; the rest sits in a neighbouring council)
Population
1,903
Median Age
40.0
Household IncomeiMedian weekly household income (ABS Census)
$2,100/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
For buyers, Granton is mainly about detached housing and manageable debt rather than unit choice. Separate houses make up 97.1% of dwellings and semi-detached homes just 2.9%, with no apartment share recorded. The 55.7% mortgage share is higher than the 35.7% owned-outright share, showing an active owner-buyer base. Costs sit below stress flags because mortgage payments take 18.4% of income and rent takes 15.7%; 44.7% of dwellings have 4 or more bedrooms.
For Buyers
For buyers, Granton is mainly about detached housing and manageable debt rather than unit choice. Separate houses make up 97.1% of dwellings and semi-detached homes just 2.9%, with no apartment share recorded. The 55.7% mortgage share is higher than the 35.7% owned-outright share, showing an active owner-buyer base. Costs sit below stress flags because mortgage payments take 18.4% of income and rent takes 15.7%; 44.7% of dwellings have 4 or more bedrooms.
For Investors
Investors face a thin rental market, because only 8.0% of homes are rented compared with 55.7% under mortgage and 35.7% owned outright. Median weekly rent is $330 and vacancy is 2.9%, so leasing depth is limited but not obviously distressed. With 0 developments recorded over 12 months, new supply pressure is low. Rent growth of 29.6% and a Balanced migration driver support demand, although the small rental base means fewer transactions than larger Hobart rental markets.
Demographics
Granton is older and more locally born than many Australian suburbs. Median age is 40, matching the national comparison at 0.0 years difference, while overseas-born residents are 7.7%, below the national benchmark by 13.9 percentage points. University attainment is 16.7%, also below national by 13.4 points, but household size is 2.8, above national by 0.3. English ancestry is the largest count at 883, followed by Irish 194 and Scottish 154; Christianity 953 and no religion 828 dominate affiliation.
Age Distribution
Bedrooms
Dwelling Structure
97.1%
Houses
2.9%
Townhouse
0.0%
Apartment
Tenure
Without a current median house price, Granton's housing picture is best read through tenure, dwelling form and income pressure. Mortgage payments of $1,671 a month equal 18.4% of household income, below stress levels, while rent of $330 a week equals 15.7%. Ownership is dominant: 35.7% own outright and 55.7% have a mortgage, compared with only 8.0% renting. The stock is 97.1% separate houses, with 45.2% three-bedroom and 44.7% four-plus-bedroom dwellings, so demand is family-house led.
Mortgage / mo
$1,671
Rent / wkiABS Census 2021 median across all dwelling types. Current market rents are typically higher.
$330
Census 2021
HH Size
2.8
Personal Income / wk
$872
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
2.9%
Unoccupied
20
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
15.7%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
18.4%
Community Profile
Ancestry
Household Composition
46.4%
Couples with children
38.3%
Couples, no children
15.7%
Single parent
575
Total families
Economy & Employment
The labour market is broad rather than executive-heavy: healthcare employs 17.4%, construction 15.9%, public admin 10.5%, manufacturing 9.7% and education 9.5%. Trades are the largest occupation count at 208, ahead of clerical/admin 187. Unemployment is 3.6%, with 69.7% participation and 59.4% full-time work. SEIFA is mixed: education and occupation decile 3 sits below average, while economic resources decile 7 is higher, likely reflecting steady incomes and ownership. Disadvantage decile 5 and IRSAD decile 4 sit nearer the state middle.
Unemployment
3.6%
Labour Force
1,082
Unemployed
39
Source: ABS Census 2021
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
59.4%
Part-time
36.5%
Participation
69.7%
Employed
1,043
Full-time and part-time are shares of the employed. Source: ABS Census 2021
Occupations
Top Industries
University
16.7%
Postgraduate
4.5%
Born Overseas
7.7%
Dwellings
662
Transport to Work
Daily life in Granton is car-led. 83.8% of workers drive, far higher than public transport at 2.3% or walking and cycling at 1.4%, while 7.9% work from home. There are 0 schools within the suburb, so families need to compare nearby education options and commute routes. Space is the key liveability strength because 97.1% of homes are separate houses, but convenience is lower for transit-oriented households. IRSAD decile 4 and IRSD decile 5 place local advantage around the lower-to-middle state range.
Drive
83.8%
Public Transport
2.3%
Walk / Cycle
1.4%
Work from Home
7.9%
Growth Outlook
Growth is steady rather than speculative. The trend runs at 1.56% a year, above zero but moderate for an established suburb, and the 10-year population change is 14.8%. The migration driver is Balanced, so change is not leaning on a single source. The shift trajectory is Aging, with senior share up 3.1 points and young share down 3.1 points, which explains demand for established family homes over high-density turnover. Gentrification is scored 23 at Early signs, compared with stronger renewal markets.
Population trend: Derwent Valley council area
About 80% of Granton sits in Derwent Valley; the rest is in a neighbouring council. These are the council area's residents, not Granton's.
Residents 2025
11,513
Growth, 5 yr average
+1.1%/yr
2020 to 2025
Growth, last year
+0.7%
2024 to 2025
ABS Estimated Resident Population by LGA, 30 June each year; council area, not this suburb
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Granton compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Granton a good suburb to live in?
Granton suits households wanting space, ownership and a quieter fringe setting. Separate houses make up 97.1% of dwellings and average household size is 2.8, above the national comparison by 0.3, but 83.8% of workers drive, so car access matters.
What is the median house price in Granton?
No current median house price figure is available for Granton. Affordability context is still useful: typical mortgage payments are $1,671 a month, below stress at 18.4% of income, and rent is $330 a week.
What schools are in Granton?
There are 0 schools recorded within Granton, so families usually compare nearby suburbs for enrolment options. The suburb has 575 families and 267 couples with children, making school access a key due-diligence item.
Is Granton safe?
A suburb-level crime rate is not available for Granton, so buyers should check current police information and inspect streets at different times. Stability indicators are solid: 84.0% of residents stayed, higher than the 16.0% turnover rate.
Is Granton good for property investment?
Granton is more owner-occupier than investor-led. Only 8.0% of homes rent, below the 55.7% mortgage share, while vacancy is 2.9% and weekly rent is $330. Low rental supply can help demand, but deal flow may be limited.
How is Granton's population changing?
Granton has 1,903 residents today, with trend growth at 1.56% a year. The 10-year population change is 14.8%, while the trajectory is Aging and migration is Balanced, so growth looks steady compared with rapid greenfield markets.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state education open registers (school locations), state Crime Statistics agencies (offences), council DA portals (development applications).
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