Suburb Profile Report for Griffith NSW (2680)

Griffith House: Median price $360,000, Annual capital growth 3.42%, Number of sales 278, Weekly median advertised rent $360

Griffith Unit: Median price $268,250, Annual capital growth 3.36%, Number of sales 23, Weekly median advertised rent $310

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Griffith has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.09%

When looking at the potential capital gains offered to property investors over the last 3 years, Griffith comes in at number 390th in NSW.

Griffith, 2680 is offering NSW ‘s 812th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.

Renters in Suburb are facing rents around $18720 per annum or $360 every week.

At number 619th in the list of Australian suburbs ordered by increase in median house value over the last year, Griffith, 2680 is in the top half with a property value increase of -0.28% recorded in median house prices.

Across a shorter period, Griffith, 2680 has seen a median price increase of 0.28% over the last quarter.

With the median price for a house in Griffith being $268250 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 6.01%

Information supplied by:


October 2017

M
O

W
E

Vacancies swallowed in this food capital

Postcode: 2680

Median house price: $310,000

Vacancy rate: 1.2%

Three-year growth: 14.8%

Situated within Australia’s Wine and Food Country, the suburb of Griffith benefits from a strong economy brought about in large part by agriculture and tourism. It has seen considerable commercial development over recent years, generating many amenities and conveniences.

As a result, vacancies have fallen from an already-low 1.8% to just 1.2% over the past 12 months leading up to July 2017.  A likely contributor is the affordability of houses in this area – at a median price of just over $300,000, buyers certainly get an excellent deal while still getting to live within a major city. Aside from being home to various shopping centres, Griffith is the third-largest education hub in the Riverina region after Wagga Wagga and Leeton. It also has its own airport a mere 5km from the town centre.

 

Metrics i HOUSE UNIT
$360,000 $268,250
1.91% 0.28%
9.09% -0.28%
3.42% 3.36%
$360 $310
278 23
5.20% 6.01%
60.8173076923077 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Griffith NSW
Demographics
Total population 16973
Median household income ($/weekly) 1015
Median age of persons 35
Median housing loan repayment ($/monthly) 1595
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2420 14.3
    25-34 years 2321 13.7
    35-44 years 2187 12.9
    45-54 years 2088 12.3
    55-64 years 1786 10.5
    Others 6171 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 6011 51.2
    Not Married 4756 40.5
    Defacto Relationship 982 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 12275 78.3
    Indonesia 720 4.6
    Japan 854 5.5
    Papua New Guinea 353 2.3
    Other 587 3.7
    Others 878 5.6
    Country of Birth
    Census Count Percent(%)
    Christianity 12675 82.0
    Hinduism 275 1.8
    Islam 336 2.2
    Other Religious Groups 612 4.0
    No Religion 1481 9.6
    Others 73 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 668 12.4
    $600-$799 622 11.6
    $800-$999 515 9.6
    $1,000-$1,249 516 9.6
    $1,500-$1,999 705 13.1
    Others 2343 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4728 39.0
    Not in the labour force 4208 34.7
    Employed, worked part-time 2223 18.3
    Employed, away from work 531 4.4
    Unemployed, looking for work 448 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 990 13.2
    Professionals 1019 13.6
    Technicians & trades workers 1064 14.2
    Clerical & administrative workers 928 12.4
    Labourers 1347 18.0
    Others 2135 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 336 9.0
    Infants/Primary 1479 39.8
    Secondary 1080 29.1
    Technical or Further Educational Institution 448 12.1
    University or other Tertiary Institutions 271 7.3
    Others 99 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13718 88.3
    Semi-detached, row or terrace house, townhouse 854 5.5
    Flat, unit or apartment 900 5.8
    Caravan, cabin, houseboat 48 0.3
    House or flat attached to a shop, office 14 0.1
    Others 4 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2104 36.4
    Fully owned 1952 33.8
    Being purchased 1691 29.3
    Other tenure type 34 0.6
    Tenure Type
Census 2011, ABS
Chart Table