Suburb Profile Report for Griffin QLD (4503)

Griffin House: Median price $457,000, Annual capital growth 2.82%, Number of sales 139, Weekly median advertised rent $410

Griffin Unit: Median price $374,500, Annual capital growth 0.41%, Number of sales 52, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2875th in the list of Australian suburbs ordered by increase in median house value over the last year, Griffin, 4503 is in the BOTTOM 40% with a property value increase of 1.56% recorded in median house prices.

If we look at median property appreciation over just the last three months, Griffin has given property investors a paper return of -0.54%. This puts Suburb as 564 on a list of fastest fasting appreciating suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Griffin is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 823th in terms of most discounted suburbs in QLD

Griffin is 363th on a list of best yielding suburbs for rents in QLD with a 4.67% return

Griffin is an average performer in QLD when comparing median price capital growth over the last year. Griffin gave property investors a average capital gain figure when compared to the rest of the state, with 0.40%.

If we look at median property appreciation over just the last three months, Griffin has given property investors a paper return of 0.13%. This puts Suburb as 155 on a list of fastest fasting appreciating suburbs in QLD

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 0.41%, investors should hope to achieve an overall return of 4.86%

Metrics i HOUSE UNIT
$457,000 $374,500
-0.54% 0.13%
1.56% 0.40%
2.82% 0.41%
$410 $350
139 52
4.67% 4.86%
50.01 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