Get a property report and suburb profile for any property in Granville

Granville is a practical, working suburb in western Sydney centred on its railway station and a compact town centre of shops and services. Housing ranges from older brick and weatherboard homes and terraces to apartment blocks near the station, with pockets of light industry and warehouses along the rail corridor. Riversider reserves on the Parramatta River, local sporting fields and a busy multicultural shopping strip add everyday amenities, and rail and road links give straightforward access to Parramatta and central Sydney.

Home to 16,716 people with a median age of 31 and a median total household income of $1,598 a week (about $83,100 a year), Granville is a suburb of families, commuters and long-term residents; couple families with children make up 43.5% and together with couple families without children account for roughly four in five families. Dwellings are more often rented than owner-occupied (56.7% rented). The area is also seeing civic projects such as a town square, a major park upgrade with a new playspace and water playground, and a rail power-supply upgrade including a proposed substation and signalling work. Whether Granville suits you will depend on whether you value easy rail access, nearby shops and a practical, working neighbourhood.

On the figures for Granville, housing costs sit well above what local households recorded at the last Census earned. A median house price of $1,183,000 is about 14.2 times a typical local annual household income at the last Census (weekly income $1,598 ? annual $83,096), while the median unit price of $512,500 is about 6.2 times that annual income. Renting also takes a large share: the average house rent of $700 a week would be roughly 43.8% of a typical local household's weekly income at the last Census, and the average unit rent of $630 a week about 39.4%. If you plan to rent rather than buy, the rent share is the most relevant figure; if buying, look to the price multiples above.

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

House values in Granville climbed 13.1% over the past 12 months, a strong rise in what a house is worth. Over the same period house rents rose 2.9%, a modest increase, so for houses the capital growth this year outpaced rental income growth.

Unit rents in Granville edged up 1.6% over the year, a slight rise and smaller than the increase in house rents. Whether that mix of stronger house price growth and gentler rent gains fits your objectives depends on what you’re looking for as an investor.

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.