Suburb Profile Report for Griffith ACT (2603)

Griffith House: Median price $1,490,000, Annual capital growth 2.93%, Number of sales 52, Weekly median advertised rent $700

Griffith Unit: Median price $493,250, Annual capital growth 1.34%, Number of sales 115, Weekly median advertised rent $490

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Over the last year, property investments in Griffith, 2603 have given investors a capital gain of 3.26%. This compares badly with the 5.48% for ACT as a whole.

While Griffith,2603 ranked number 8th in ACT for increase in median house value (annualised) increase, it is ranked 67th over the last 5 years.

On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.

Using the current median advertised rental of $700 and the average annual increase in value of a median property of 2.93%, investors should hope to achieve an overall return of 2.44%

Griffith, 2603 ranked 22th in ACT when comparing growth in median property values or capital gain over the last 12 months. Griffith is one of 126 in our list for ACT

A 1.49% growth in median value for property investors in Griffith,2603 puts this suburb at number 29th in terms of best performing suburbs in ACT

The most recent median price for Griffith is $493250, with sellers offering an average of -4.15% off the asking price.

The ACT suburb of Griffith, 2603 is in the Unincorporated ACT local government area.

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Canberra suburb makes more room

Postcode: 2603

Median unit price: $445,000

Stock on market: 73.2%

12-month growth: -2.2%

Situated in the inner south of Canberra, the suburb of Griffith is home to the Manuka Shopping Centre, which is regarded as one of the first shopping hubs in the capital.

It is also one of Canberra’s oldest suburbs, and its streets bear the original design by Walter Burley Griffin. It is dominated by parks that make it ideal for families with children. St Edmund’s College is established here, along with several other schools. Telopea Park School and Narrabundah College are in the neighbouring suburbs of Barton and Narrabundah.

Canberra’s CBD is about 10 minutes away by car, and commuters can also get to the city by bus. The number of units in this suburb skyrocketed in the year to May 2019.

Metrics i HOUSE UNIT
$1,490,000 $493,250
10.37% 1.70%
3.26% 8.41%
2.93% 1.34%
$700 $490
52 115
2.44% 5.17%
85.6666666666667 84.5890410958904

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 3899
Median household income ($/weekly) 2182
Median age of persons 38
Median housing loan repayment ($/monthly) 2500
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 361 9.3
    25-34 years 760 19.5
    35-44 years 510 13.1
    45-54 years 636 16.3
    55-64 years 487 12.5
    Others 1146 29.4
    Age Group
    Census Count Percent(%)
    Not Married 1392 46.0
    Registered Married 1260 41.6
    Defacto Relationship 376 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2768 75.0
    Indonesia 53 1.4
    Papua New Guinea 59 1.6
    United Kingdom 194 5.3
    Other 208 5.6
    Others 408 11.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 1.7
    Christianity 2042 58.3
    Hinduism 50 1.4
    Islam 35 1.0
    No Religion 1272 36.3
    Others 45 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 174 11.6
    $2,000-$2,499 123 8.2
    $2,500-$2,999 244 16.2
    $3,000-$3,499 135 9.0
    $4,000 or more 226 15.0
    Others 604 40.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1630 50.8
    Not in the labour force 833 25.9
    Employed, worked part-time 506 15.8
    Employed, away from work 157 4.9
    Unemployed, looking for work 85 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 480 21.0
    Professionals 901 39.3
    Technicians & trades workers 128 5.6
    Community & personal service workers 184 8.0
    Clerical & administrative workers 357 15.6
    Others 240 10.5
    Occupation
    Census Count Percent(%)
    Pre-school 27 2.9
    Infants/Primary 238 25.4
    Secondary 244 26.1
    Technical or Further Educational Institution 78 8.3
    University or other Tertiary Institutions 326 34.8
    Others 23 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2158 60.2
    Flat, unit or apartment 1254 35.0
    Semi-detached, row or terrace house, townhouse 168 4.7
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 766 46.3
    Fully owned 445 26.9
    Being purchased 434 26.3
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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