Granton
A median house price of $858,500 in 2025, rising from $757,000 in 2024, places Granton well above typical Tasmanian regional towns despite sitting in IRSAD decile 4 nationally. The suburb is overwhelmingly owner-occupied, with 91.9% of households either owning outright or carrying a mortgage, compared to far higher renter shares in most metropolitan areas. Household income sits in the 79.4th percentile nationally, yet only 8.1% rent and average household size of 2.8 is slightly above the national figure. With 97.1% separate houses and population up 14.8% over the decade, Granton has quietly shifted from a rural satellite toward a mortgage-belt commuter suburb on Hobart's northern fringe.
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
Median House
$1.7M
YTD 2026
Granton's median house price reached $858,500 in 2025, recovering from a 2024 trough of $757,000 and approaching the 2022 peak of $864,250. The 29-year compound growth rate of 7.5% from $105,000 in 1996 gives buyers long-run confidence. Stock is almost entirely separate houses at 97.1%, with 44.7% of homes having four or more bedrooms and another 45.2% having three bedrooms, so family buyers dominate. Monthly mortgage repayments average $1,671, and the mortgage-to-income ratio sits at 18.4%, well below the 30% stress threshold. That affordability is notably lower than inner-Hobart suburbs where income-adjusted costs are higher, making Granton a realistic entry point for buyers priced out of the city.
For Buyers
Granton's median house price reached $858,500 in 2025, recovering from a 2024 trough of $757,000 and approaching the 2022 peak of $864,250. The 29-year compound growth rate of 7.5% from $105,000 in 1996 gives buyers long-run confidence. Stock is almost entirely separate houses at 97.1%, with 44.7% of homes having four or more bedrooms and another 45.2% having three bedrooms, so family buyers dominate. Monthly mortgage repayments average $1,671, and the mortgage-to-income ratio sits at 18.4%, well below the 30% stress threshold. That affordability is notably lower than inner-Hobart suburbs where income-adjusted costs are higher, making Granton a realistic entry point for buyers priced out of the city.
For Investors
The investor case for Granton is thin on yield but solid on vacancy. Weekly rent averages $330 against the $858,500 median, implying a gross yield below 2%, which is lower than most Tasmanian regional markets. The vacancy rate of 2.9% is tight, consistent with steady tenant demand, and only 8.1% of households rent, meaning available rental stock is scarce. Net migration is balanced, averaging 20 internal and 30 overseas arrivals annually. Development activity over the past 12 months recorded zero applications, so new supply is not compressing rents. Rent grew 29.6% over the measured period, well above nominal income growth, which supports future rental income even if current yield is modest compared to higher-turnover suburbs.
Demographics
Granton's median age of 40 matches the national figure, though the trajectory is aging: the senior share rose 3.1 points over the decade while the young-adult share declined by the same margin. Overseas-born residents account for just 7.7%, which is 13.9 points below the national average, making this one of the more Anglo-Celtic communities in the dataset. The dominant ancestry groups are English (883), Irish (194) and Scottish (154). University qualifications reach only 16.7%, sitting 13.4 points below the national rate, which aligns with an industry base weighted toward Healthcare, Construction and Public Administration rather than knowledge-intensive sectors. Average household size of 2.8 is 0.3 above national, consistent with the family-dominated tenure structure.
Age Distribution
Bedrooms
Dwelling Structure
97.1%
Houses
2.9%
Townhouse
N/A
Apartment
Tenure
Granton's price history tracks a 717.6% gain from $105,000 in 1996 to $858,500 in 2025, with a CAGR of 7.5% over 29 years. The 2022 peak of $864,250 was followed by a modest correction, and the 2025 price is just 0.7% below that peak. Tenure is skewed heavily toward ownership: 35.9% own outright, 56% carry a mortgage and only 8.1% rent, a ratio that is significantly different from state capital suburbs where renting is far more common. Almost all stock is separate houses at 97.1%, with three-bedroom (45.2%) and four-plus bedroom (44.7%) homes making up 89.9% of dwellings. Mortgage stress is low with a 18.4% mortgage-to-income ratio, and rent stress is minimal at 15.7% rent-to-income.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,671
Rent / wk
$330
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
26.9%
Couples, no children
1,652
Total families
Economy & Employment
Healthcare is the largest employer at 17.4% of the workforce (115 workers), followed by Construction at 15.9% (105) and Public Administration at 10.5% (69). Manufacturing at 9.7% and Education at 9.5% round out the top five. By occupation, Clerical and Administrative roles lead at 187, with Community and Personal services (148), Professionals (140) and Managers (139) close behind. The unemployment rate of 3.8% is low, and the full-time employment rate of 61.9% reflects a stable workforce. Household income sits in the 79.4th percentile nationally despite SEIFA IRSAD decile 4, which indicates moderate economic resources at the household level but relatively lower advantage by education and occupation measures compared to the national distribution.
Unemployment
2.1%
Labour Force
3,341
Unemployed
70
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
61.9%
Part-time
34.3%
Participation
67.0%
Employed
1,001
Occupations
Top Industries
University
16.7%
Postgraduate
4.5%
Born Overseas
7.7%
Dwellings
662
Transport to Work
Car dependence is extreme: 91% of workers drive to work, compared to the national average which is substantially lower, while only 2.5% use public transport. This reflects limited bus frequency on the northern Hobart corridor and the suburb's low density of 75 persons per km2 across 25.36 square kilometres. No schools are recorded within the Granton boundary, so families travel to neighbouring suburbs for education. The IRSAD decile 4 score places residents below the national average for overall advantage, though household income in the 79.4th percentile suggests resources exceed what the SEIFA score implies, partly because the low education and occupation scores drag the index down. The 4.6% needing daily assistance (86 residents) is a modest care load, and volunteering at 14.1% points to active community participation.
Drive
91.0%
Public Transport
2.5%
Walk / Cycle
1.5%
Work from Home
N/A
Population Forecast
+1.56%/yr
(+73 people/yr)
EstablishedPopulation grew 14.8% over the decade, faster than many comparable Tasmanian localities, adding roughly 247 residents to the 2025 base of 1,903. The forward trend projects annual growth of 1.56%, or about 30 persons per year, driven by a balanced migration mix of 20 net internal and 30 net overseas arrivals annually. Gentrification scoring places Granton at the early-signs stage with a score of 23, supported by signals including population up 24% since 2011 and university-educated share accelerating from 6% toward 17%. Affordability held remarkably stable, with the housing-cost-to-income ratio moving only from 43.5% in 2011 to 43.4% in 2021, suggesting that income growth tracked price growth. The aging trajectory and 84% residential stability rate point to a consolidating, rather than churning, community.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Balanced
Net Overseas / yr
+30
Net Internal / yr
+20
Gentrification Signal
Early signs
Population +24% since 2011, Accelerating: 6% → 17%
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 families seeking affordable detached housing within commuting range of Hobart. Household income is in the 79.4th percentile nationally, mortgage stress is low at 18.4% of income, and 97.1% of homes are separate houses. The trade-offs are high car dependence at 91%, no recorded schools within the suburb, and an IRSAD decile 4 score, below the national midpoint for overall advantage.
What is the median house price in Granton?
The median house price was $858,500 in 2025, recovering from $757,000 in 2024. The long-run compound growth rate is 7.5% per year from $105,000 in 1996. Monthly mortgage repayments average $1,671, and the mortgage-to-income ratio of 18.4% is below the 30% financial-stress threshold.
What schools are in Granton?
No schools are recorded within the Granton suburb boundary in this dataset. Families travel to schools in neighbouring Hobart fringe suburbs. Despite the local school gap, 16.7% of residents hold university qualifications, though this is 13.4 points below the national average, reflecting the trades and services employment base.
Is Granton safe?
Detailed crime statistics are not available for Granton in this dataset. As a proxy, the suburb scores IRSD decile 5 nationally, placing it at the national median for relative disadvantage. Only 4.6% of residents (86 people) need daily assistance, and the unemployment rate of 3.8% is low, both consistent with a stable, low-stress community.
Is Granton good for property investment?
Rental yield is modest, with weekly rent of $330 against an $858,500 median implying a gross yield below 2%. However, vacancy is tight at 2.9%, rent grew 29.6% over the measured period, and zero new development applications in the past 12 months means supply pressure is minimal. The 7.5% CAGR over 29 years supports a capital-growth-oriented investment thesis.
How is Granton's population changing?
Granton grew 14.8% over the decade and is forecast to add roughly 30 residents per year at a 1.56% annual rate. The suburb shows early signs of gentrification with a score of 23, including university-educated share rising from 6% toward 17%. The aging trajectory, with the senior share up 3.1 points over the decade, reflects a community where established residents are staying rather than moving on.
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 Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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