Powered by MOMENTUM MEDIA
AREA REPORTS

Griffith

Suburb Profile

Griffith - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2603

house
unit

GRIFFITH, 2603 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $1,410,000.

Profits due to an upward trend in home prices in the suburb averaged 1.74% per annum over a 3-year period.

GRIFFITH now ranks at the 9th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in GRIFFITH are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $700 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GRIFFITH, homes and units usually stay on listing for an average of 76.1 days.

In 2016, 51 properties were sold in GRIFFITH during the past year, making it the 27th most active market in ACT based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,410,000 $440,000
GROWTH REPORT
Median Quarterly 5.42% -2.22%
Median 12 month -2.59% -1.95%
Median 3 years 5.22% -8.31%
Median 5 years 21.29% -3.3%
10 years average annual 4.25% 2.38%
Weekly media advert. rent $700 $480
Time on Market 76.1 days 90.5 days
Gross Rental Yield Percent 2.58% 5.67%
demographics (median values)
Total Population
3905
Weekly Household Income
1680
Household Size
2.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Registration cancelled for dodgy builder

Registration cancelled for dodgy builder

Property investors have been given a timely reminder to check the credentials of their builders following reports of falsifying claims. ...

Housing market

From freefall to housing boom

A turbulent 12 months has seen house prices fall by double digits followed by a “mini boom”, leaving investors wondering what is next fo...

County Court of Victoria

Building developer in hot water over ‘calculated’ GST fraud

A building developer based in Melbourne’s north-east has been sentenced to three years jail after an investigation found he claimed more t...

How to get your child on the property ladder

For mum-and-dad investors: How to get your child on the property ladder

Parents play a critical role in setting their children up for financial success – imbibing the necessary financial skills, knowledge and a...

Queensland

Qld rental reforms a ‘slap in the face’ for investors

“Reckless”, “damaging” and “onerous” are the words being used by an industry body to describe the most significant changes propo...

Cairns, Queensland

The regional areas providing positive ROI

Thinking about investing outside the capital cities? Here are the regional hubs savvy investors are taking advantage of. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.