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AREA REPORTS

Griffin

Suburb Profile

Griffin - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4503

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 2.98% capital gain.

Property investors in GRIFFIN enjoyed capital gains of 2.15% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $475,000.

Profits due to an upward trend in home prices there averaged 0.99% per annum over a 3-year period.

Home owners selling their properties and realtors in GRIFFIN usually have to wait an average of 61.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $415 mark, reflecting a 4.54% increase in returns based on the current median price in GRIFFIN.

GRIFFIN, 4503 places 284th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $475,000 $299,000
GROWTH REPORT
Median Quarterly 3.26% 1.36%
Median 12 month 2.15% -2.76%
Median 3 years 2.98% -14.81%
Median 5 years 8.94% -18.08%
10 years average annual 1.47% -2.47%
Weekly media advert. rent $415 $350
Time on Market 61.5 days 64.8 days
Gross Rental Yield Percent 4.54% 6.09%
demographics (median values)
Total Population
1193
Weekly Household Income
1476
Household Size
2.90
demographics
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