Suburb Profile Report for Griffin QLD (4503)

Griffin House: Median price $510,000, Annual capital growth 2.03%, Number of sales 198, Weekly median advertised rent $430

Griffin Unit: Median price $316,000, Annual capital growth -1.55%, Number of sales 46, Weekly median advertised rent $360

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

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

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 10.87% for the last year, Griffin, 4503 is the 2472th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Griffin,4503 has racked up an average of 10.87% over the period. This ranks it number 2645th in the whole country for real estate investors looking at median house price increases.

Griffin4503 is located in QLD which offers an average discount of -4.90% to property investors. Griffin itself is showing figures that indicate -3.40% is the average achievable by property buyers investing in the suburb.

In the last year 198 properties changed hands in Griffin, which puts it as the 117th most active market in QLD when comparing the number of sales per suburb.

Situated 22.61km from the CBD, Griffin is one of Moreton Bay (R) localities in the postcode 4503.

QLD has seen average median house prices change by 8.71% which means that Griffin, 4503 has done well for property investors by showing a capital gain of 7.12% over the last year

Griffin,4503 was ranked 943 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Griffin is offering property investors an average of -4.64. This rate of discount on properties puts Suburb at number 146th in terms of most discounted suburbs in QLD

Situated 22.32km from the CBD, Griffin is one of Moreton Bay (R) localities in the postcode 4503.

Metrics i HOUSE UNIT
$510,000 $316,000
5.05% 1.94%
10.87% 7.12%
2.03% -1.55%
$430 $360
198 46
4.38% 5.92%
40.7608695652174 57.28125

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

DSR Score for property investment : Very good (U), Above average (H)
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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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