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Grassy suburb profile

Grassy is a small, picturesque town located on King Island, Tasmania, known for its serene natural beauty and close-knit community. Once a bustling mining town, Grassy has transformed into a peaceful residential area, offering stunning coastal views and a relaxed lifestyle. The town's history is reflected in its charming architecture and local heritage sites. Grassy provides easy access to King Island's renowned beaches, wildlife, and outdoor activities, making it a haven for nature enthusiasts and those seeking tranquility. Its remote location and unique charm attract visitors looking for an escape from the hustle and bustle of city life.

Grassy property market performance

The property market in Grassy, postcode 7256, has shown no activity over the past 12 months. Both the median house and unit prices remain at $0, with no change in value reported. Similarly, there have been no sales of houses or units, and properties have not been listed on the market, as indicated by zero median days on market for both property types.

The rental market in Grassy has also been inactive, with average rents for both houses and units remaining at $0, and no change in rental prices over the last year. This suggests a lack of demand or available properties in the area.

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Grassy demographics

Grassy, located on King Island in Tasmania, is a small and close-knit community with a population of just 121 residents. Known for its serene environment and natural beauty, Grassy offers a peaceful lifestyle away from the hustle and bustle of city life. The median age of 36 suggests a balanced mix of young families and mature residents, contributing to a stable and harmonious community atmosphere.

The suburb's household composition is diverse, with a significant proportion of couple families with children (33.3%) and couple families without children (38.1%). One-parent families also make up a notable 28.6% of the community, highlighting the suburb's inclusive nature. Despite its small size, Grassy provides a supportive environment for families of all types.

In terms of property ownership, Grassy has a varied housing market. A substantial 37.3% of properties are owned outright, reflecting a sense of stability and long-term commitment among residents. Meanwhile, 21.6% of homes are owned with a mortgage, and 41.2% are rented, offering flexibility for those who prefer not to commit to homeownership. The median total household income of $916 per week indicates a modest yet sustainable lifestyle, typical of a rural setting. Grassy's charm lies in its simplicity and the strong sense of community among its residents, making it an appealing choice for those seeking a tranquil and supportive living environment.

Suburbs near Grassy

Some popular suburbs near Grassy include:

How does Grassy compare to nearby suburbs?

    Choose the right real estate agents in Grassy

    Choosing the right real estate agent in Grassy can have a big impact on your sale. While there are 1 real estate agents working in the suburb, but just 5 of them were responsible for 100.0% of all property sales over the past year, showing a strong footprint and track record in the area.

    Commission rates typically range from 2.63% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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