Suburb Profile Report for Griffin QLD (4503)

Griffin House: Median price $456,000, Annual capital growth 3.12%, Number of sales 135, Weekly median advertised rent $410

Griffin Unit: Median price $373,000, Annual capital growth 0.61%, Number of sales 78, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Griffin has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.79%

While Griffin,4503 ranked number 339th in QLD for increase in median house value (annualised) increase, it is ranked 393th over the last 5 years.

The most recent median price for Griffin is $456000, with sellers offering an average of -3.40% off the asking price.

Often selling an investment property can take time, and in Griffin the average time real estate has been on the market is 51.81 days.

Renters in Suburb are facing rents around $4920 per annum or $410 every week.

Griffin, 4503 ranked 178th in QLD when comparing growth in median property values or capital gain over the last 12 months. Griffin is one of 2415 in our list for QLD

Taking the average capital gain, or increase in median house value, Griffin,4503 has racked up an average of 0.95% over the period. This ranks it number 1155th in the whole country for real estate investors looking at median house price increases.

Advertised rents are around the $350 mark per week – giving a return of 4.88% based on the median price in Suburb

Metrics i HOUSE UNIT
$456,000 $373,000
1.11% -0.27%
1.79% 0.95%
3.12% 0.61%
$410 $350
135 78
4.68% 4.88%
51.81 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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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Recent sales & rentals