Granville is a smaller residential area in Queensland within the Fraser Coast local government area (postcode 4650). The area has roughly 2,532 residents and a mature demographic, with a median age of 48. Households earn a median income of $50K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, German.
Granville has a median house price of $395,000, which has climbed sharply by 10.5% year-on-year. The median weekly rent is $239 (Census 2021). This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,044.
Granville is served by 1 school, including 1 primary. The average ICSEA score is 902, which is below the national average of 1,000. The crime rate in the Fraser Coast LGA is moderate at 5,491 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices sit below the state median ($395K/$1.1M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +10.5% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.