Granton Short-Term Rental (Airbnb) Market
Granton TAS Investment Analysis
HOLD
— 4.0% gross yield on a $850,000 median.
THE MARKET
Median house price in Granton sits at $850,000 with 30 days on market and a 1.9% vacancy rate. This is a tight rental market right now.
- **Median house:** $850,000 | **Units:** $294,272 - **Gross yield:** 4.0% | **Net yield:** 2.5% - **5yr price CAGR:** -2.5%/yr | **3yr forecast:** -2.8%/yr - **Population:** 28,025 | **Owner-occupier rate:** 36% | **Affluence:** Low
- **Supply pipeline:** Moderate — Development activity consistent with long-term averages
RENTAL SNAPSHOT
- **Vacancy:** 1.9% (worsening) | **Rental demand:** High - **Median weekly rent:** $650/wk | **Days on market:** 30 (stable) - Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- **Median nightly rate:** $175/night | **Occupancy:** 65% - **Estimated annual STR gross:** ~$41,519/yr - **vs long-term rent:** $33,800/yr (+23% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Standard suburban transport access
BULL CASE
If Granton maintains 3%+ annual growth and vacancy stays below 1.3%, median prices could reach $977,500 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Granton pull back 10-15% from $850,000, with vacancy rising to 3.4% and rental yields softening as tenants gain leverage.
KEY RISKS
- Negative price growth suggests a softening market
COMPARABLE MARKETS
- **Austin Ferry** (TAS): $638,011 median, 4.3% yield, 8.7% 1yr growth - **Bellerive** (TAS): $900,000 median, 3.5% yield, 8.8% 1yr growth - **Bicheno** (TAS): $810,000 median, 2.5% yield, 17.0% 1yr growth
THE PLAY
Granton offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.5%.
- Entry range: $765,000 – $935,000 - Minimum gross yield to target: 4.5% - Watch signal: vacancy staying below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Analyse a Property in Granton
Get instant STR rules, granny flat feasibility, rental yield, and full investment strategy comparison for any address in Granton.
Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.