Suburb Profile Report for Griffin QLD (4503)

Griffin House: Median price $450,000, Annual capital growth 3.60%, Number of sales 115, Weekly median advertised rent $410

Griffin Unit: Median price $375,000, Annual capital growth 0.64%, Number of sales 92, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Griffin, 4503 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.09%

While Griffin,4503 ranked number 433th in QLD for increase in median house value (annualised) increase, it is ranked 349th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Griffin is offering property investors an average of -7.31. This rate of discount on properties puts Suburb at number 706th in terms of most discounted suburbs in QLD

Residents and property investors in Griffin have been waiting around 58.55 days to sell a property.

Investment property in Griffin has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.32%

When looking at the potential capital gains offered to property investors over the last 3 years, Griffin comes in at number 192th in QLD.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 0.64%, investors should hope to achieve an overall return of 4.85%

HOUSE UNIT
$450,000 $375,000
0.00% 1.01%
3.09% 2.32%
3.60% 0.64%
$410 $350
115 92
4.74% 4.85%
58.55 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 2357
Median household income ($/weekly) 1696
Median age of persons 28
Median housing loan repayment ($/monthly) 2344
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 304 12.9
    5-14 years 304 12.9
    25-34 years 564 23.9
    35-44 years 372 15.8
    45-54 years 227 9.6
    Others 586 24.9
    Age Group
    Census Count Percent(%)
    Registered Married 821 50.4
    Not Married 487 29.9
    Defacto Relationship 321 19.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1736 76.5
    Papua New Guinea 161 7.1
    South Africa 30 1.3
    United Kingdom 135 5.9
    Other 87 3.8
    Others 121 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.8
    Christianity 1542 71.1
    Hinduism 14 0.6
    Other Religious Groups 9 0.4
    No Religion 577 26.6
    Others 8 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 77 10.4
    $1,250-$1,499 92 12.4
    $1,500-$1,999 163 21.9
    $2,000-$2,499 141 19.0
    $2,500-$2,999 75 10.1
    Others 195 26.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 940 55.8
    Not in the labour force 315 18.7
    Employed, worked part-time 309 18.3
    Employed, away from work 78 4.6
    Unemployed, looking for work 42 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 132 10.0
    Professionals 210 15.9
    Technicians & trades workers 237 18.0
    Clerical & administrative workers 269 20.4
    Sales 139 10.5
    Others 333 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 47 9.4
    Infants/Primary 203 40.8
    Secondary 116 23.3
    Technical or Further Educational Institution 51 10.2
    University or other Tertiary Institutions 61 12.2
    Others 20 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2175 96.6
    Flat, unit or apartment 58 2.6
    Semi-detached, row or terrace house, townhouse 18 0.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 418 51.8
    Rented 299 37.1
    Fully owned 85 10.5
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
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