Granton

Population growth drivers in Granton are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Granton's population is estimated at around 1,895 as of Feb 2026, reflecting a decrease of 8 people since the 2021 Census which reported a population of 1,903. This change is inferred from AreaSearch's estimate of 1,887 residents following examination of ABS data and validation of 23 new addresses since the Census date. The population density is 74 persons per square kilometer. Over the past decade, Granton has shown resilient growth with a 1.7% compound annual growth rate, outperforming its SA4 region. Interstate migration contributed approximately 51.0% to recent population gains, although all factors including overseas migration and natural growth were positive. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in June 2024 with a base year of 2022.

For areas not covered by this data, Tasmania State Government's Regional/LGA projections released in 2022 with a base year of 2021 are adopted and adjusted using weighted aggregation methods. Future population growth is projected to be above median national levels, with Granton expected to grow by 394 persons to 2041, reflecting an increase of 28.8% over the 17 years.

Recent residential development output has been above average within Granton when compared nationally

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Granton averaged around 7 new dwelling approvals per year over the past five financial years. This totals an estimated 36 homes. So far in FY-26, 0 approvals have been recorded. Historically, between FY-21 and FY-25, there were approximately 5 new residents arriving per year for each dwelling constructed.

This indicates demand significantly outpacing supply, which typically puts upward pressure on prices and increases competition among buyers. New homes are being built at an average expected construction cost value of $563,000, suggesting developers target the premium market segment with higher-end properties.

In FY-26, $281,000 in commercial approvals have been registered, indicating minimal commercial development activity. Recent building activity consists entirely of detached houses, preserving Granton's low density nature and attracting space-seeking buyers. With around 214 people per dwelling approval, Granton demonstrates characteristics of a low density area. The latest AreaSearch quarterly estimate projects Granton to add approximately 546 residents by 2041. At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

Granton has moderate levels of nearby infrastructure activity, ranking in the 41stth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 12 projects likely affecting this region. Notable ones are Main Road Granton Shared Path Extension, Whitestone Point Housing Development, Boyer Road Precinct Plan, and New Bridgewater Bridge. The following list details those expected to be most relevant.

Professional plan users can use the search below to filter and access additional projects.

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The exceptional employment performance in Granton places it among Australia's strongest labour markets

Granton has a diverse workforce with both white and blue collar jobs, with essential services well represented. The unemployment rate is 0.9% as of September 2025. This is lower than Greater Hobart's rate of 4.0%.

Workforce participation in Granton is higher at 76.9%, compared to Greater Hobart's 63.8%. According to Census data, only 7.7% of residents work from home. The leading employment industries are health care & social assistance, construction, and manufacturing. Construction stands out with employment levels at 1.7 times the regional average.

Conversely, accommodation & food services have lower representation at 3.8%, compared to the regional average of 8.0%. There appears to be limited local employment opportunities, as indicated by the working population vs resident population count. Over a 12-month period ending September 2025, Granton's labour force decreased by 0.5% and employment declined by 0.1%, leading to a fall in unemployment rate of 0.4 percentage points. This contrasts with Greater Hobart where employment contracted by 0.7%, the labour force fell by 0.9%, and unemployment fell by 0.2 percentage points. For future insights, Jobs and Skills Australia's national employment forecasts from May-25 suggest that Granton's employment should increase by 6.2% over five years and 13.1% over ten years, based on a simple weighting extrapolation of industry-specific projections against the local employment mix.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

Granton suburb has a lower than average national income level according to latest ATO data aggregated by AreaSearch for financial year ended June 2023. Median income among taxpayers in Granton is $53,113 and the average income stands at $57,891. For Greater Hobart, these figures are $54,577 and $65,190 respectively. Based on Wage Price Index growth of 9.6% since financial year ended June 2023, estimated incomes for September 2025 would be approximately $58,212 (median) and $63,449 (average). From the Census conducted in August 2021, household, family and personal incomes in Granton are at the 67th percentile nationally. Income distribution shows that 40.4% of locals (765 people) fall into the $1,500 - 2,999 income bracket, similar to the broader area where 32.2% occupy this bracket. After housing costs, residents retain 88.5% of their income, indicating strong purchasing power and the area's SEIFA income ranking places it in the fifth decile.

Granton is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Granton's dwelling structure, as per the latest Census, consisted of 97.1% houses and 2.9% other dwellings. In comparison, Hobart metro had 85.3% houses and 14.7% other dwellings. Home ownership in Granton was 36.2%, with mortgaged dwellings at 55.3% and rented ones at 8.5%. The median monthly mortgage repayment in Granton was $1,671, higher than Hobart metro's $1,517. The median weekly rent in Granton was $330, compared to Hobart metro's $350. Nationally, Granton's mortgage repayments were lower at $1,671 versus Australia's average of $1,863, and rents were also lower at $330 compared to the national figure of $375.

Granton features high concentrations of family households, with a higher-than-average median household size

Family households account for 83.6% of all households, consisting of 38.8% couples with children, 30.6% couples without children, and 12.9% single parent families. Non-family households comprise the remaining 16.4%, with lone person households at 14.8% and group households making up 1.9% of the total. The median household size is 2.8 people, which is larger than the Greater Hobart average of 2.4.

The educational profile of Granton exceeds national averages, with above-average qualification levels and academic performance metrics

The area's university qualification rate is 12.0%, significantly lower than the SA4 region average of 32.8%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 7.5%, followed by postgraduate qualifications (2.7%) and graduate diplomas (1.8%). Vocational credentials are prevalent, with 44.4% of residents aged 15+ holding such qualifications – advanced diplomas comprise 9.3% and certificates make up 35.1%.

A substantial 24.6% of the population is actively pursuing formal education, including 10.2% in primary education, 7.6% in secondary education, and 1.9% in tertiary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Granton has 19 active public transport stops, all of which are bus stops. These stops are served by 67 different routes that collectively facilitate 3,946 weekly passenger trips. The area's transport accessibility is rated as good, with residents typically located 335 meters from the nearest stop. Most residents commute outward due to Granton being primarily residential. Cars remain the dominant mode of transport, used by 95% of residents. On average, there are 2.2 vehicles per dwelling in Granton, which is higher than the regional average.

According to the 2021 Census, only 7.7% of residents work from home, a figure that might reflect COVID-19 conditions. Service frequency averages 563 trips per day across all routes, equating to roughly 207 weekly trips per stop.

Granton's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Granton residents show positive health outcomes, aligning with national benchmarks. Common health conditions are seen across all ages.

Private health cover stands at approximately 50%, lower than the national average of 55.7%. The most prevalent medical conditions are arthritis (9.6%) and mental health issues (9.4%). About 68% report no medical ailments, slightly higher than Greater Hobart's 65.5%. Health outcomes among working-age residents are typical. Granton has 16.5% of residents aged 65 and over (312 people), lower than Greater Hobart's 19.9%. Senior health outcomes rank high nationally.

Granton is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Granton's cultural diversity was found to be below average, with 92.3% of its population born in Australia, 94.5% being citizens, and 94.3% speaking English only at home. The predominant religion in Granton is Christianity, accounting for 52.4% of the population, compared to 39.8% across Greater Hobart. Regarding ancestry, the top three represented groups are English (35.1%), Australian (34.3%), and Irish (7.7%).

Notably, Maltese, Dutch, and Australian Aboriginal populations deviate from regional averages: Maltese at 0.4% in Granton versus 0.1% regionally, Dutch at 1.3% versus 1.5%, and Australian Aboriginal at 2.3% versus 3.0%.

Granton's population is slightly older than the national pattern

The median age in Granton is 40 years, similar to Greater Hobart's average of 39 years but somewhat older than Australia's median age of 38 years. The 45-54 age group constitutes a strong 15.3% of Granton's population, compared to Greater Hobart's percentage. Meanwhile, the 25-34 age cohort makes up only 11.0%. Post-2021 Census data shows that the 75 to 84 age group has increased from 4.0% to 5.7% of Granton's population. Conversely, the 5 to 14 age group has declined from 13.0% to 11.4%, and the 55 to 64 age group has dropped from 14.5% to 13.4%. Population forecasts for 2041 indicate substantial demographic changes in Granton, with the 45 to 54 age group projected to grow by 76 people, reaching 510 from 289. Conversely, the 35 to 44 age cohort is expected to decline by 22 people.