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Griffin, QLD 4503

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$995,000

market range $950K-$1.1M

Median Unit

$780,000

market range $700K-$875K

Gross Yield (houses)

3.6%

1yr Growth (houses)

+15.6%

market range +12.5% to +20.0%

Investment snapshot for Griffin

Griffin has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Griffin market and investor summary

Griffin (QLD 4503) runs a median house price of $995K, with houses yielding a gross 3.6%. House prices have moved +15.6% over the past year and +43.0% over three years. At 1.0% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.

Living in Griffin: people, income and schools

About 12,295 people live in Griffin, and the area has been growing steadily, up about 14% over five years. The median age is 29, younger than the national median, with renters making up 54% of households.

Households here earn a median of about $105,000 a year, or roughly $2,010 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 9.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.

There are 18 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 23 km from the CBD. It is fairly car-dependent; the suburb scores 22 for walkability and 7 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
12,295
+14% over 5yr
Median age
29 years
Median household income
$105,000/yr
Households renting
54%
Family households
81%
Socio-economic rank
5/10
ABS advantage index
Schools within 5km
18
avg ICSEA 1046
Unemployment
6.9%
Distance to CBD
23 km
Walk score
22/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Griffin

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Frequently asked questions about Griffin

What should I check before investing in Griffin?

Griffin has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +15.6% in the past year shows strong recent price momentum. 3-year capital growth of +43.0% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Griffin?

The median property price in Griffin, QLD 4503 is $995K for houses and $780K for units.

What rental yield does Griffin show?

The gross rental yield in Griffin is 3.6% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Griffin?

House prices in Griffin are up 15.6% over the past year and up 43.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Griffin?

The current vacancy rate in Griffin is 1.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Griffin?

Griffin has a population of approximately 12,295 residents, with a median age of 29.

What schools are near Griffin?

There are 18 schools within roughly 5km of Griffin. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Griffin affordable to buy in?

A median house in Griffin costs about 9.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Griffin's population growing?

The population of Griffin has grown about 14% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Griffin from the CBD?

Griffin is about 23 km from the CBD.

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