Suburb Profile Report for Griffin QLD (4503)

Griffin House: Median price $471,000, Annual capital growth 1.68%, Number of sales 125, Weekly median advertised rent $420

Griffin Unit: Median price $308,750, Annual capital growth -2.34%, Number of sales 12, Weekly median advertised rent $350

  • 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.

  • House Report
  • Unit Report

Property value increases in Griffin have tracked just higher than the QLD average of 0.78% over the last 12 months.

Griffin,4503 was ranked 1605 in Australia by increase in median property value over the quarter.

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 -4.11% is being offered, which puts this QLD suburb at 2909th most discounted overall in Australia.

On average over the past year, suburb has had 10.42 sales per month, which equates to 125 per year.

Griffin is 446th on a list of best yielding suburbs for rents in QLD with a 4.64% return

If you compare the increase in value of investment property in Griffin, 4503 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -9.85%.

Taking the average capital gain, or increase in median house value, Griffin,4503 has racked up an average of -9.85% over the period. This ranks it number 1372th in the whole country for real estate investors looking at median house price increases.

Situated 22.64km from the CBD, Griffin is one of Moreton Bay (R) localities in the postcode 4503.

Metrics i HOUSE UNIT
$471,000 $308,750
0.00% -1.67%
2.39% -9.85%
1.68% -2.34%
$420 $350
125 12
4.64% 5.89%
71.1509433962264 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 : Balanced (H), Good (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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