Grantville is a small community in Victoria within the Bass Coast local government area (postcode 3984). With a population of 1,168, the suburb has a settled, mature resident base with a median age of 52. Households earn a median income of $58K per year, with an average household size of 2.1 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. VIC 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. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 technicians & trades, professionals, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Grantville stand at $590,000, having softened modestly by 0.8% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,517.
Public transport access includes 12 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
On the investment side, Grantville shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices sit below the state median ($590K/$875K), which can point to relative value. The price-to-income ratio of 10.2x is considered stretched. House prices have moved -0.8% 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.