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Grantville suburb profile

Grantville is a charming coastal town located in Victoria, nestled along the eastern shores of Western Port Bay. Known for its tranquil setting and natural beauty, Grantville offers a peaceful retreat from the hustle and bustle of city life. The town is a gateway to the scenic attractions of the Bass Coast, including nearby nature reserves and coastal parks. With a welcoming community, local shops, and essential amenities, Grantville provides a relaxed lifestyle for residents and visitors alike. Its proximity to Phillip Island and other regional attractions makes it a convenient base for exploring the wider area.

Grantville property market performance

Grantville’s property market has experienced modest growth over the past 12 months, with house values increasing by 3.4%, bringing the median house price to $646,000. The unit market remains inactive, with no sales or price changes reported. Over the past three months, 12 houses were sold, but properties are taking longer to sell, with a median of 157 days on the market, indicating a slower pace in buyer activity.

The rental market for houses in Grantville has seen a slight increase, with average rent rising by 4.2% to $495 over the last 12 months. The unit rental market remains inactive, reflecting the lack of unit sales and demand in the area.

HousesUnits
Median price
Past 3 months
$646KN/A
Change in value
Past 12 months
3.4%N/A
Sold
Past 3 months
12N/A
Median days on market
Past 12 months
157N/A
Average rent
Past 12 months
$495N/A
Change in rent
Past 12 months
4.2%N/A

5 year median price trend for houses and units

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Grantville demographics

Grantville, a quaint suburb located in Victoria, offers a serene lifestyle with its picturesque surroundings and close-knit community. With a population of just 1,168, it provides a peaceful retreat from the hustle and bustle of city life. The median age of 52 indicates a mature population, with many residents likely enjoying the tranquility and slower pace that Grantville offers. This makes it an attractive location for retirees and those seeking a quieter lifestyle.

The suburb's housing landscape is characterized by a high rate of outright home ownership, with 47% of properties owned outright. This suggests a stable community with long-term residents who have established roots in the area. Additionally, 35.5% of properties are owned with a mortgage, reflecting a mix of established homeowners and newer families entering the market. The rental market is relatively small, with only 17.5% of properties being rented, which further emphasizes the suburb's appeal to those looking for permanent residence.

Family dynamics in Grantville are diverse, with couple families without children making up 52.7% of the family households, while couple families with children account for 29.8%. One-parent families represent 17.6% of the community, highlighting a supportive environment for various family structures. The median total household income of $1,107 per week reflects the suburb's modest yet comfortable living standards. Overall, Grantville offers a charming and peaceful lifestyle, ideal for those seeking a community-oriented environment amidst natural beauty.

Grantville infrastructure, key developments and investment opportunities

Grantville remains a small rural-coastal township with limited large-scale redevelopment, and most recent activity has focused on small business growth and tourism-oriented uses such as local hardware, nursery, hospitality and adventure camp facilities, which support local employment and help underpin steady property demand.[4][6][7] The town’s setting on Western Port Bay and its mix of village living and acreage properties continue to be the main drawcards, with lifestyle buyers attracted to coastal views, rural outlooks and access to nearby recreation areas, which may support long-term price growth.[3][8]

Grantville falls within the Bass Coast local government area, where strategic planning generally emphasises managed coastal growth, protection of environmental values and incremental infrastructure upgrades rather than major new transport or urban projects, meaning future change is likely to be gradual and focused on improving livability rather than dramatically increasing density.[2][8] At this time there are no widely publicised major transport, school or hospital projects specific to Grantville that would significantly alter the suburb’s property market dynamics in the short term.

Grantville rental market trends

The rental market in Grantville has experienced modest growth, with house rents increasing by 4.2% over the past year to $495 per week. However, there has been no change in unit rents, which remain at $0, indicating a potential lack of available units. Grantville offers a tranquil lifestyle with potential for future development, appealing to those seeking a peaceful community.

Suburbs near Grantville

Some popular suburbs near Grantville include:

How does Grantville compare to nearby suburbs?

  • Median house prices: Grantville’s median house price is 0.9% higher than Coronet Bay’s.
  • House price growth: Over the past 12 months, house prices in Grantville have grown 7.2% higher than in Pioneer Bay.
  • Selling speed for houses: Properties in nearby Pioneer Bay are selling 64.3% faster than in Grantville.
  • House price growth: Over the past 12 months, house prices in Grantville have grown 40.0% lower than the average rate of growth across Melbourne.

Common questions about Grantville

  • Is Grantville a nice place to live?

    Grantville is a delightful place to call home, offering a serene and picturesque lifestyle that is perfect for those seeking a peaceful retreat. This charming coastal suburb is known for its natural beauty and tranquil atmosphere, making it an ideal location for families and individuals who appreciate a slower pace of life. The community is welcoming and tight-knit, providing a supportive environment for residents of all ages. With its proximity to the scenic attractions of the Bass Coast and the convenience of nearby regional attractions, Grantville offers a unique blend of rural charm and coastal living.

    Families will find Grantville to be a particularly appealing choice, as it offers a safe and nurturing environment for children to grow up in. The suburb's relaxed vibe is complemented by essential amenities, including local shops and cafes, ensuring that residents have access to everything they need for a comfortable lifestyle. While Grantville may not have the bustling nightlife or extensive shopping options of larger urban areas, it more than makes up for it with its stunning natural surroundings and opportunities for outdoor recreation.

    Living in Grantville does come with some trade-offs. The suburb's rural-coastal setting means that large-scale redevelopment is limited, and while this helps maintain its charm, it also means that major infrastructure projects are not on the horizon. This can be a consideration for those who prioritize rapid urban development or extensive public transport options. However, for those who value a peaceful, community-oriented lifestyle amidst natural beauty, Grantville is a wonderful place to live.

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  • Is it expensive to live in Grantville?

    Living in Grantville can be considered relatively affordable compared to many other parts of Victoria. With a current median house price of $646,000, it is significantly lower than the prices you would find in Melbourne's inner suburbs. However, it's important to note that Grantville does not have a median unit price available, indicating that housing options might be limited to houses rather than apartments.

    When it comes to renting, the average rent for houses in Grantville is about $495 per week. This is quite reasonable, especially when you consider that the average weekly income for households in Grantville is $1,107. While this income is below the Victorian state average wage of $105,000 per year, the relatively lower housing costs in Grantville can make it more manageable for residents to afford living expenses.

    Overall, if you're thinking of living in Grantville, you'll find that the cost of living, particularly in terms of housing, is more affordable than in many other parts of Victoria. This makes Grantville an attractive option for those seeking a more budget-friendly lifestyle while enjoying the charm of a rural town.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Grantville a good place to invest?

    Grantville presents a unique investment opportunity, particularly for those seeking steady growth and rental income. Over the past year, the median house value in Grantville has increased by 3.4%, indicating a stable upward trend in property prices. While unit values have remained unchanged, the rental market for houses has seen a 4.2% increase, suggesting a healthy demand for rental properties in the area.

    The suburb's appeal lies in its potential for consistent returns rather than rapid capital growth. With its coastal charm and proximity to natural attractions, Grantville attracts both families and retirees, contributing to a stable rental market. The unchanged unit values might offer a more affordable entry point for investors looking to capitalize on future growth as the suburb develops further.

    Overall, Grantville is a promising choice for investors who prioritize long-term stability and rental income. Its steady growth in house values and increasing rental demand make it an attractive option for those looking to invest in a suburb with a relaxed lifestyle and potential for gradual appreciation.

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Choose the right real estate agents in Grantville

Currently, there are 22 real estate agents working in Grantville—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 22 agents sold 60.4% of all properties in Grantville over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Grantville typically charge a commission of 2.13% to 2.71%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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