ACT/
Griffith

Suburb Profile

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

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

Average median house prices in ACT have risen as a whole, pulling GRIFFITH, 2603 values up and netting property investors a capital gain of 9.6% for the past year.

Investors saw the median home price rise to $1,518,000.

Profits due to an upward trend in home prices in the suburb averaged 13.74% per annum over a 3-year period.

GRIFFITH now ranks at the 22nd 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $800 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 95.2 days.

In 2016, 49 properties were sold in GRIFFITH during the past year, making it the 26th most active market in ACT based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,518,000 $458,000
GROWTH REPORT
Median Quarterly 2.39% -2.55%
Median 12 month 9.6% -13.18%
Median 3 years 41.21% -8.4%
Median 5 years 21.44% 9.05%
10 years average annual 6.27% 3.43%
Weekly media advert. rent $800 $460
Time on Market 95.2 days 77.1 days
Gross Rental Yield Percent 2.74% 5.22%
demographics (median values)
Total Population
3905
Weekly Household Income
1680
Household Size
2.10
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Griffith, ACT
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