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Griffin, QLD 4503

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Griffin, QLD 4503 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Griffin, QLD 4503”

  1. The total adult population (15 years or older) of Griffin 4503 QLD is 8,806, with a median age of 29. Of those, 45.67% are married, 11.30% are divorced or separated, 41.51% are single and 1.46% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $8,460. The median monthly mortgage repayment for households in this suburb is $1,941 which is 22.94% of their earnings.

    Source: ABS Census Data (2021)

  2. GRIFFIN 4503 is a well-situated suburb in vibrant QLD and home to approximately 5283 households. As of Q3 in 2023, the average property price for houses in GRIFFIN 4503 was AUD $795,385, with a median weekly rent of AUD $527. This rental yield equates to an indicative yield of 3.45%, indicating a balanced cash flow opportunity for investors.

    GRIFFIN’s socio-economic score stands at 1002 out of a possible 1217 signifying a fairly strong socio-economic standing, suggesting the presence of stable incomes and a thriving local economy.

    From an investment perspective, however, the renter-to-owner ratio at 54% paints a mixed picture. Despite this value indicating a robust rental market, it exceeds the ideal 30% threshold that property investors consider favourable. Thus, it is signalling to potential landlords a saturated rental market characterised by intense competition and possibly lower long-term returns.

    Luckily, the units-to-houses ratio comes in at a comforting 2%, suggesting less competition among landlords for tenants. This figure also implies that with fewer units and more houses in the suburb, it’s more likely to draw in families who generally commit to longer tenancy periods.

    Nonetheless, future investors will need to factor in the higher than average affordability index at 37 years that exceeds the standard 30-year benchmark. This highlights decreased affordability, possibly making it challenging for locals to own properties in this area.

    On the supply side, the suburb thrives with a low-stock-on-market ratio at 0.19% which is favourable to buyers as it indicates a scarcity of properties for sale. This competitive condition is further observed with an impressive inventory level for houses reported at 0.72 months, indicating a speedy absorption of new listings. One area of concern might be the high building approvals Ratio at 3.75% which may hint at increased supply of new dwellings in future, potentially leading to market oversaturation.

    Demand metrics suggest a reasonably healthy property market with fairly quick turnovers, as evidenced by 44 Days on Market. The combined vacancy rate for houses and units is remarkably low at 0.96%, indicating a high demand with little supply. However, the buy search index for houses at 3 signifies average demand, indicating room for growth in interest.

    In summary, GRIFFIN 4503 exhibits several favourable facets for property investment, with a few areas that might require a cautious approach. Carefully tracking the local market trends and data is crucial for prospective investors to make informed decisions. Furthermore, the handy RCS (Relative Composite Score) by HtAG Analytics is an excellent tool to simplify and automate this rather complex research using a wide range of metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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