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%