Suburb Profile Report for Griffith ACT (2603)

Griffith House: Median price $1,400,000, Annual capital growth 5.46%, Number of sales 48, Weekly median advertised rent $950

Griffith Unit: Median price $532,500, Annual capital growth 5.82%, Number of sales 155, Weekly median advertised rent $428

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Griffith is in the bottom 30% in ACT when comparing median price capital growth over the last year. Griffith gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.48%.

Taking the average capital gain, or increase in median house value, Griffith,2603 has racked up an average of 4.48% over the period. This ranks it number 1804th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Griffith is giving property investors an average Vendor Discount of around 0.00%. This puts suburb at number 63th in ACT when ranking the most discounted suburbs.

Residents and property investors in Griffith have been waiting around 78.21 days to sell a property.

Advertised rents are around the $950 mark per week – giving a return of 3.53% based on the median price in Suburb

ACT has seen average median house prices change by 2.21% which means that Griffith, 2603 has done well for property investors by showing a capital gain of 5.47% over the last year

Griffith,2603 was ranked 942 in Australia by increase in median property value over the quarter.

The most recent median price for Griffith is $532500, with sellers offering an average of -2.65% off the asking price.

Often selling an investment property can take time, and in Griffith the average time real estate has been on the market is 75.17 days.

With the median price for a house in Griffith being $532500 and the advertised rent reaching $427.5 the gross rental yield for property investors calculates out to be 4.17%

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Griffith is situated less than 2km south of Parliament House, and is one of Canberra’s prestige suburbs. While houses in the suburb are some of the most expensive in the federal capital, with the median price surpassing the $1m mark, units are still relatively affordable.Full summary

Griffith is situated less than 2km south of Parliament House, and is one of Canberra’s prestige suburbs. While houses in the suburb are some of the most expensive in the federal capital, with the median price surpassing the $1m mark, units are still relatively affordable.

Griffith’s median unit price is well below that of Kingston, Barton, and ultra-prestige Forrest, for example..

The suburb’s local economy is driven by the federal government, as its home to a number of government departments. It’s also well served for cafes, bars and recreational facilities, both within the suburb and nearby locales of Kingston and Manuka.

Griffith is within easy reach of the airport and just a short walk from Lake Burley Griffin. It attracts a high-income demographic, with a significant proportion of high-level civil servants and a number of diplomatic staff.

The more affordable median is due to a number of unit developments taking place amongst the prestige properties, serving junior and mid-level government workers and the aforementioned diplomatic staff. This also creates demand for rental properties. While units aren’t cheap, a recent slowdown in price growth suggests there may be buying opportunities in a desirable suburb where demand is likely to remain steady for the foreseeable future.

Metrics i HOUSE UNIT
$1,400,000 $532,500
0.00% 0.47%
4.48% 5.47%
5.46% 5.82%
$950 $428
48 155
3.53% 4.17%
78.21 75.17

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Griffith ACT
Total population 3899
Median household income ($/weekly) 2182
Median age of persons 38
Median housing loan repayment ($/monthly) 2500
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 361 9.3
    25-34 years 760 19.5
    35-44 years 510 13.1
    45-54 years 636 16.3
    55-64 years 487 12.5
    Others 1146 29.4
    Age Group
    Census Count Percent(%)
    Not Married 1392 46.0
    Registered Married 1260 41.6
    Defacto Relationship 376 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2768 75.0
    Indonesia 53 1.4
    Papua New Guinea 59 1.6
    United Kingdom 194 5.3
    Other 208 5.6
    Others 408 11.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 1.7
    Christianity 2042 58.3
    Hinduism 50 1.4
    Islam 35 1.0
    No Religion 1272 36.3
    Others 45 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 174 11.6
    $2,000-$2,499 123 8.2
    $2,500-$2,999 244 16.2
    $3,000-$3,499 135 9.0
    $4,000 or more 226 15.0
    Others 604 40.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1630 50.8
    Not in the labour force 833 25.9
    Employed, worked part-time 506 15.8
    Employed, away from work 157 4.9
    Unemployed, looking for work 85 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 480 21.0
    Professionals 901 39.3
    Technicians & trades workers 128 5.6
    Community & personal service workers 184 8.0
    Clerical & administrative workers 357 15.6
    Others 240 10.5
    Census Count Percent(%)
    Pre-school 27 2.9
    Infants/Primary 238 25.4
    Secondary 244 26.1
    Technical or Further Educational Institution 78 8.3
    University or other Tertiary Institutions 326 34.8
    Others 23 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2158 60.2
    Flat, unit or apartment 1254 35.0
    Semi-detached, row or terrace house, townhouse 168 4.7
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 766 46.3
    Fully owned 445 26.9
    Being purchased 434 26.3
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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