Granton

Granton lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

As of May 2026, the estimated population of the suburb of Granton is around 1,858, a decrease of 45 people from the 2021 Census figure of 1,903. This decline reflects an inferred resident population of 1,845 based on AreaSearch's examination of the latest ERP data release by the ABS in June 2025 and an additional 19 validated new addresses since the Census date. The current population density is 73 persons per square kilometer. Interstate migration contributed approximately 51.0% of overall population gains during recent periods, with all drivers including overseas migration and natural growth being positive factors. AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in 2024 using a base year of 2022.

For areas not covered by this data and to estimate growth by age group post-2032, Tasmania State Government's Regional/LGA projections released in 2022 with a base year of 2021 are used with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Future demographic trends project an above median population growth for the suburb, with an expected increase of 369 persons by 2041, reflecting a total increase of 19.2% over the 16-year period.

Residential development activity is lower than average in Granton according to AreaSearch's national comparison of local real estate markets

Granton has averaged approximately six new dwelling approvals per year over the past five financial years, totalling an estimated thirty homes. As of FY-26, two approvals have been recorded. Between FY-21 and FY-25, an average of 1.1 people moved to the area for each dwelling built. However, this figure has eased to -1.4 people per dwelling over the past two financial years, reflecting increased supply availability. New properties are constructed at an average expected construction cost value of $563,000, indicating a focus on the premium market segment with higher-end properties.

In FY-26, $281,000 in commercial approvals have been registered, suggesting minimal commercial development activity. Recent building activity consists exclusively of detached houses, preserving Granton's low density nature and appealing to space-seeking buyers.

With around 316 people per dwelling approval, Granton exhibits characteristics of a low-density area. According to the latest AreaSearch quarterly estimate, Granton is projected to add 356 residents by 2041. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

Granton has emerging levels of nearby infrastructure activity, ranking in the 37thth percentile nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 11 projects that may impact the region. Notable projects include Chocolate Experience at Cadbury, Main Road Granton Shared Path Extension, Whitestone Point Housing Development, and Boyer Road Precinct Plan. The following list details those most likely to be relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The labour market strength in Granton positions it well ahead of most Australian regions

Granton has a balanced workforce with both white and blue collar jobs, with essential services sectors well represented. As of December 2025, the unemployment rate is 1.4%, based on AreaSearch's aggregation of statistical area data. In Granton, 1,061 residents are employed while the unemployment rate is 2.6% lower than Greater Hobart's rate of 4.0%.

The workforce participation rate in Granton is higher at 70.3%, compared to Greater Hobart's 63.7%. According to Census responses, only 7.7% of residents work from home, though Covid-19 lockdown impacts should be considered. The leading employment industries among residents are health care & social assistance, construction, and manufacturing. Notably, Granton has a high concentration in construction, with employment levels at 1.7 times the regional average.

Conversely, accommodation & food services show lower representation at 3.8% compared to the regional average of 8.0%. The area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Between December 2024 and November 2025, Granton's labour force decreased by 2.6%, while employment declined by 2.3%, causing the unemployment rate to fall by 0.3 percentage points. This contrasts with Greater Hobart, where employment rose by 0.1%, the labour force fell by 0.1%, and unemployment fell by 0.2 percentage points. 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 applied to Granton's employment mix.

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

The suburb of Granton had a lower than average income level nationally according to the latest Australian Taxation Office data aggregated by AreaSearch for financial year 2023. The median income among taxpayers in Granton was $53,113 and the average income stood at $57,891. In comparison, Greater Hobart's figures were $54,577 and $65,190 respectively. Based on a 10.95% growth in wages since financial year 2023, current estimates for Granton would be approximately $58,929 (median) and $64,230 (average) as of March 2026. According to the 2021 Census, incomes in Granton cluster around the 67th percentile nationally. In terms of income distribution, 40.4% of locals (750 people) fall into the $1,500 - 2,999 category, which is 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. The area's SEIFA income ranking places it in the 5th decile.

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

Granton's dwelling structures, as per the latest Census, consisted of 97.1% houses and 2.9% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Hobart metro had 85.3% houses and 14.7% other dwellings. Home ownership in Granton was 36.2%, aligning with Hobart metro's figure. Mortgaged dwellings made up 55.3%, while rented dwellings were at 8.5%. The median monthly mortgage repayment in Granton was $1,671, higher than Hobart metro's average of $1,517. Median weekly rent in Granton was $330, compared to $350 in Hobart metro. Nationally, Granton's mortgage repayments were lower at $1,671 versus Australia's average of $1,863, and rents were substantially 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, including 38.8% couples with children, 30.6% couples without children, and 12.9% single parent families. Non-family households constitute the remaining 16.4%, with lone person households at 14.8% and group households comprising 1.9%. The median household size is 2.8 people, 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%. Bachelor degrees are most prevalent at 7.5%, followed by postgraduate qualifications (2.7%) and graduate diplomas (1.8%). Vocational credentials are held by 44.4% of residents aged 15+, with advanced diplomas at 9.3% and certificates at 35.1%. A total of 24.6% of the population is actively pursuing formal education, including 10.2% in primary, 7.6% in secondary, and 1.9% in tertiary education.

A substantial 24.6% of the population actively pursues formal education. This includes 10.2% in primary education, 7.6% in secondary education, and 1.9% pursuing 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 a total of 67 different routes, providing 3,946 weekly passenger trips combined. The accessibility of these stops is rated as good, with residents typically located approximately 335 meters from the nearest stop. In this primarily residential area, most commuting is outward-bound, and cars remain the dominant mode of transport at 95%. 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 may have been influenced by COVID-19 conditions.

The service frequency averages at around 563 trips per day across all routes, equating to approximately 207 weekly trips per individual 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

Health data for Granton shows positive outcomes, aligning with national benchmarks. Common health conditions are seen across both young and old age groups.

Private health cover is relatively low at approximately 50% of the total population (~931 people), compared to the national average of 55.7%. The most common medical conditions are arthritis (9.6%) and mental health issues (9.4%). 68.0% of residents declare no medical ailments, compared to 65.5% across Greater Hobart. Health outcomes among working-age individuals are typical. Granton has 16.8% of residents aged 65 and over (312 people), lower than Greater Hobart's 20.0%. Seniors' health outcomes rank higher than the general population nationally.

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

Granton had a cultural diversity below average, with 92.3% of its population born in Australia, 94.5% being citizens, and 94.3% speaking English only at home. Christianity was the main religion in Granton, comprising 52.4% of people, compared to 39.8% across Greater Hobart. The top three represented ancestry groups were English (35.1%), Australian (34.3%), and Irish (7.7%).

Notably, Maltese was overrepresented at 0.4%, Dutch at 1.3%, and Australian Aboriginal at 2.3%.

Granton's population is slightly older than the national pattern

The median age in Granton as of 2021 was 40 years, similar to Greater Hobart's average of 39 years but somewhat older than Australia's median age of 38 years. The age group of 45-54 had strong representation at 15.2%, compared to Greater Hobart's percentage. Conversely, the 25-34 cohort was less prevalent in Granton at 10.8%. Post-Census data shows that the 75-84 age group grew from 4.0% to 5.8% of the population between two unspecified dates. During this period, the 5-14 age group declined from 13.0% to 11.3%, and the 25-34 group dropped from 11.9% to 10.8%. Population forecasts for 2041 indicate significant demographic changes in Granton. Notably, the 45-54 age group is projected to grow by 60%, increasing from 282 people to 451. Conversely, the 35-44 cohort is expected to decline by 42 people.