Griffin, QLD 4503: Suburb Profile & Property Report

Market Report

House report
Unit Report

Griffin has 244 houses available for sale. The median property price for a house is currently $771,000 with annual capital growth of 12.35% . There were 225 house sales in the past 12 months. On average, houses spend 14 days on market.

If you're thinking about buying an investment property in Griffin, consider that rental yields for houses are currently 4.16% with an average median rent of $620 weekly. Houses have seen 3.14% growth in the past quarter, and 12.35% growth in the past 12 months.

The size of Griffin is approximately 17.2 square kilometres. It has 12 parks covering nearly 6.7% of total area. The population of Griffin in 2011 was 2,357 people. By 2016 the population was 6,830 showing a population growth of 189.8% in the area during that time. The predominant age group in Griffin is 20-29 years.

Households in Griffin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Griffin work in a trades occupation. In 2011, 61.5% of the homes in Griffin were owner-occupied compared with 39.3% in 2016.

Griffin has 70 units available for sale. The median property price for a unit is currently $515,000 with annual capital growth of 14.44% . There were 94 unit sales in the past 12 months. On average, units spend 14 days on market.

If you're thinking about buying an investment property in Griffin, consider that rental yields for units are currently 5.17% with an average median rent of $550 weekly. Units have seen 5.10% growth in the past quarter, and 14.44% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$771,000	$515,000
Quarterly growth	+3.14%	+5.10%
12-month growth	+12.35%	+14.44%
Average annual growth	+10.32%	+10.69%
Weekly median rent	$620	$550
Gross rental yield	4.16%	5.17%
Number of Sales (12m)	225	94
Avg. Days on Market (12m)	14	14

Jump to Market Trends

Key Demographics	2011	2016
Total population	2,357	6,830
Population change (5y)	+97.73%	+189.80%
Median household income (p/w)	$1,709	$1,831
Household income change (5y)	+14.54%	+7.14%
Median age of persons	28	27

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Griffin is $771,000 for houses and $515,000 for units.

The Median Growth in Griffin over the past 12 months is 12.35% for houses and 14.44% for units.

Over the past 12 months there were 225 houses sold and 94 units sold in Griffin. On average, houses spent 14 days on market and units spent 14 days on market.

In the past 12 months up to August 2024 there were 225 houses sold and 94 units sold in Griffin. On average, houses spent 14 days on market and units spent 14 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Griffin is $620 for houses and $550 for units.

The Rental Yield in Griffin is 4.16% for houses and 5.17% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Griffin was 6,830 in 2016, a +189.80% change compared to 2011.

The predominant age group in Griffin is 20-29 years.

The population of Griffin was 6,830 in 2016, a +189.80% change compared to 2011.

The predominant age group in Griffin is 20-29 years.

Most of the population in Griffin were born in Australia.

Most of the population in Griffin report their religion as No Religion.

Most of the population in Griffin report their income range as between $78,000 and $130,000 .

The median household income in Griffin was $1,831 in 2016, a +7.14% change compared to 2011.

Most of the population in Griffin report their income range as between $78,000 and $130,000 .

The median household income in Griffin was $1,709 in 2011, a +14.54% change compared to 2006.

Most of the population in Griffin work as Trades.

Most of the population in Griffin work as Clerical.

The chart below demonstrates the various levels of education in Griffin.

Most of the population in Griffin reached a qualification level of Certificate.

2011 2016

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