Suburb Profile Report for Griffin QLD (4503)

Griffin House: Median price $457,000, Annual capital growth 3.11%, Number of sales 142, Weekly median advertised rent $410

Griffin Unit: Median price $373,000, Annual capital growth 0.69%, Number of sales 64, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Griffin have tracked close to the QLD average of 2.41% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Griffin comes in at number 516th in QLD.

Vendor discounting in Griffin is giving property investors an average Vendor Discount of around -3.20%. This puts suburb at number 815th in QLD when ranking the most discounted suburbs.

With the median price for a house in Griffin being $457000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 4.67%

Giving property investors a an unimpressive capital gain of 0.67% for the last year, Griffin, 4503 is the 1059th highest performer in Australia in this respect.

Over the longer term, Griffin has seen property prices show investors a 5.67% return over the last 3 years. This is worse than over the last 12 months

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 0.69%.

Metrics i HOUSE UNIT
$457,000 $373,000
0.72% -0.27%
1.67% 0.67%
3.11% 0.69%
$410 $350
142 64
4.67% 4.88%
52.03 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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