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Franklin, TAS 7113
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$775,000
market range $725K-$800K
Median Unit
$380,000
Gross Yield (houses)
3.7%
1yr Growth (houses)
+8.5%
market range +0.0% to +17.5%
Investment snapshot for Franklin
Franklin has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Franklin market and investor summary
In Franklin, TAS 7113, the median house sells for around $775K, on a gross rental yield of 3.7% for houses. House prices have moved +8.5% over the past year. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Franklin: people, income and schools
About 1,301 people live in Franklin, and the area has been growing steadily, up about 9% over five years. At a median age of 52, it reads as an older, established demographic, and 81% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $63,000 a year (about $1,210 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 12.4 times local household income, so affordability is a genuine constraint on local buyers.
There is 1 school within about 5km, testing below the national school average on ICSEA. Franklin sits about 34 km from the CBD. It is fairly car-dependent; the suburb scores 27 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,301
- +9% over 5yr
- Median age
- 52 years
- Median household income
- $63,000/yr
- Households renting
- 17%
- Family households
- 75%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 916
- Unemployment
- 2.8%
- Distance to CBD
- 34 km
- Walk score
- 27/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Franklin
No properties currently listed in Franklin
Search Franklin listings →Frequently asked questions about Franklin
What should I check before investing in Franklin?
Franklin has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +8.5% in the past year shows strong recent price momentum. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Franklin?
The median property price in Franklin, TAS 7113 is $775K for houses and $380K for units.
What rental yield does Franklin show?
The gross rental yield in Franklin is 3.7% for houses and 3.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Franklin?
House prices in Franklin are up 8.5% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Franklin?
The current vacancy rate in Franklin is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Franklin?
Franklin has a population of approximately 1,301 residents, with a median age of 52.
What schools are near Franklin?
There are 1 school within roughly 5km of Franklin. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Franklin affordable to buy in?
A median house in Franklin costs about 12.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Franklin's population growing?
The population of Franklin has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Franklin from the CBD?
Franklin is about 34 km from the CBD.
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