Grafton

In Grafton, the median property price for a house is currently $500,000 with annual capital growth of 3.95%. There were 202 house sales in the past 12 months. On average, houses spend 42 days on market.
If you’re thinking about buying an investment property in Grafton, consider that rental yields for houses are currently 5.53% with an average median rent of $500 weekly. Houses have seen 0.00% growth in the past quarter, and 3.95% growth in the past 12 months.
The size of Grafton is approximately 12.2 square kilometres. It has 17 parks covering nearly 8.1% of total area. The population of Grafton in 2011 was 10,205 people. By 2016 the population was 10,399 showing a population growth of 1.9% in the area during that time. The predominant age group in Grafton is 50-59 years.
Households in Grafton are primarily childless couples and are likely to be repaying $1000 – $1399 per month on mortgage repayments. In general, people in Grafton work in a professional occupation. In 2011, 66.2% of the homes in Grafton were owner-occupied compared with 61.5% in 2016.

The commercial property market in Grafton includes retail, industrial and primary production sub-markets.