Question 1

Is Granton a nice place to live?

Accepted Answer

Granton is a riverside suburb on the western shore of the Derwent River on Hobart’s outer urban fringe. Day-to-day life centres on foreshore reserves and walking routes, a modest local shopping strip and community facilities, with a mix of older modest houses and newer suburban development. Good road connections and public transport links make getting around straightforward, and the river setting gives Granton a quieter, small-town character that tends to attract families, commuters and people who value easy access to the water and nearby centres.

The community of 1,903 has a median age of 40 and is overwhelmingly owner-occupied (91.9%), which points to a settled residential feel. Granton has been affected by significant transport works, including the new Bridgewater Bridge with upgraded interchanges and a three-metre shared pedestrian and cycle path, while corridor planning and committed funding for the Lyell Highway and council master-planning for the Granton/Austin Ferry precinct indicate further work on roads and foreshore links. For buyers or renters seeking a practical, riverside suburb with local shops and good links to nearby centres, Granton is the sort of place to consider; whether it suits you depends on what you want in a suburb.

Question 2

Is it expensive to live in Granton?

Accepted Answer

In Granton 7030, a house renting for $613 a week would take about 29.2% of a typical local household's weekly income as recorded at the last Census. That represents a moderate share of income, so renting a house there would use a noticeable portion of what a typical household earned at the time.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Granton a good place to invest?

Accepted Answer

House values in Granton edged up 1.0% over the past 12 months, a slight rise in what a house is worth.

Over the same year the rent a house earns fell 5.7%, a notable decline, so rental income has weakened while capital value moved only marginally. Which of those outcomes matters most for you depends on your own investment goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	1.0%	N/A
Sold Past 3 months	4	3
Median days on market Past 12 months	49	N/A
Average rent Past 12 months	$613	N/A
Change in rent Past 12 months	-5.7%	N/A

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