What is the true cost of buying an apartment in Granville?

The median apartment in Granville is $520,000. Including stamp duty ($17,930), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $44,048, or $3,671/month.

What does it really cost to buy a house in Granville?

The median house in Granville is $850,000. True first-year cost including stamp duty ($32,780), rates, insurance, maintenance, and mortgage repayments is approximately $60,926.

What is the vacancy rate in Granville?

Granville currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Granville

2142 NSW · 20km to CBD

Stable

A decision, not just a search · Granville

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Granville is a diverse, multicultural suburb in Western Sydney, located 20km west of the CBD. Known for its significant Lebanese, Indian, and Pacific Islander communities, the suburb offers affordable housing options compared to Sydney's metropolitan average. The area features a mix of older fibro homes, brick houses, and newer townhouses, making it attractive to families and young professionals. Granville benefits from excellent transport connectivity via Granville Railway Station on the T1 Western Line, with future Sydney Metro West enhancements planned. The suburb maintains strong community ties through cultural centers, local schools including Granville Public School and Good Samaritan Catholic Primary, and recreational facilities like Granville Memorial Park. Property market trends show steady growth driven by proximity to Parramatta and ongoing Western Sydney development. The competitive rental market reflects high demand from diverse demographics seeking affordable, well-connected housing options.

Excellent transport connectivity with direct CBD rail accessHighly diverse multicultural community creating vibrant cultural atmosphereAffordable property prices compared to Sydney metropolitan averageStrong proximity to Parramatta CBD and major employment centersFamily-friendly amenities including quality schools and parks

Market Snapshot

Median House

$850K

+8.2% 1yr

Median Apartment

$520K

+6.8% 1yr

Median Townhouse

$680K

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

5.1%

Yield (House)

4.2%

Auction Clearance

72%

Population

12,500

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$3,671/mo

Purchase Price

$520,000

Stamp Duty

$17,930

1st Year Total

$44,048

House

$5,077/mo

Purchase Price

$850,000

Stamp Duty

$32,780

1st Year Total

$60,926

Townhouse

$4,280/mo

Purchase Price

$680,000

Stamp Duty

$25,130

1st Year Total

$51,356

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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