Suburb Profile Report for Griffin QLD (4503)

Griffin House: Median price $450,000, Annual capital growth 3.75%, Number of sales 106, Weekly median advertised rent $410

Griffin Unit: Median price $375,000, Annual capital growth 0.55%, Number of sales 120, 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 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 2.33%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Griffin has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Griffin, 4503. Typically our figures indicate that -4.43% is being offered, which puts this QLD suburb at 2979th most discounted overall in Australia.

Griffin is 400th on a list of best yielding suburbs for rents in QLD with a 4.74% return

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 4.17%

HOUSE UNIT
$450,000 $375,000
0.00% 1.49%
2.33% 4.17%
3.75% 0.55%
$410 $350
106 120
4.74% 4.85%
59.56 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (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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