Griffin suburb profile
Griffin is a rapidly growing suburb located in the Moreton Bay Region, approximately 24km north of Brisbane's CBD. Known for its family-friendly atmosphere, Griffin offers a mix of modern housing developments and natural landscapes, including proximity to the Pine River and Moreton Bay. The suburb is well-connected with easy access to the Bruce Highway, making commuting convenient for residents. Griffin's appeal is enhanced by its local parks, schools, and shopping facilities, providing a balanced lifestyle for families and professionals. As development continues, Griffin remains an attractive option for those seeking suburban tranquility with urban conveniences.
Griffin property market performance
Griffin's property market has experienced significant growth over the past 12 months, with house values increasing by 16.3% and unit values surging by 20.1%. The median house price has reached $850,000, while units have averaged $615,000, indicating strong demand across both property types.
Sales activity has been robust, with 80 houses and 15 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of just 14 days on the market and units even less at 12 days, reflecting high buyer interest.
The rental market in Griffin has also seen notable changes, with house rents increasing by 6.8% and unit rents rising by 11% over the last 12 months, highlighting a strong demand for rental properties in the area.
Median price - houses$850KPast 3 months
Median price - units$619KPast 3 months
Change in value - houses16.0%12 months
Change in value - units21.7%12 months
Houses sold72Past 3 months
Units sold14Past 3 months
Median DOM - houses14Past 12 months
Median DOM - units12Past 12 months
Average rent - houses$635Past 12 months
Average rent - units$560Past 12 months
Change in rent - houses7.6%Past 12 months
Change in rent - units9.8%Past 12 months
Griffin demographics
Griffin, located in the Moreton Bay Region of Queensland, is a rapidly growing suburb known for its family-friendly environment and modern amenities. With a median age of 29, Griffin is characterized by a youthful and dynamic population, making it an attractive location for young families and professionals. The suburb's proximity to Brisbane and the Sunshine Coast enhances its appeal, offering residents a blend of suburban tranquility and easy access to urban conveniences.
The housing landscape in Griffin is predominantly rental-based, with 54.2% of properties being rented. This high rental rate indicates a strong demand for flexible living arrangements, particularly among young families and professionals who are drawn to the area's modern housing developments and community facilities. Additionally, 39.9% of properties are owned with a mortgage, reflecting a significant number of new homeowners entering the market, attracted by the suburb's potential for growth and development.
Family households are a significant part of Griffin's community, with 50.4% of families being couples with children, highlighting the suburb's appeal to those seeking a nurturing environment for raising children. The presence of quality schools, parks, and recreational facilities further supports this family-oriented lifestyle. As Griffin continues to develop, its combination of youthful energy, family focus, and strategic location makes it a desirable place for both current residents and newcomers looking for a vibrant community to call home.
Griffin infrastructure, key developments and investment opportunities
Griffin is experiencing significant growth and development, with several projects poised to impact the local property market. The suburb's population has increased dramatically, growing by 189.8% over the past five years to reach 12,295 residents in 2021. This rapid growth is driving demand for housing and infrastructure in the area.
A key development is the planned community shopping centre, slated to begin construction in late 2022, which will enhance local amenities and potentially boost property values. The suburb already boasts good educational facilities, including Griffin State School, which opened in 2016 and has seen increasing enrollment. Additionally, Griffin's proximity to the Bruce Highway and its location just 35 minutes from Brisbane CBD make it an attractive option for commuters, further supporting property demand in the area.
Griffin rental market trends
The rental market in Griffin has experienced moderate growth, with house rents increasing by 6.8% over the past year to $630 per week, while unit rents have seen a more significant rise of 11.0% to $555 per week. This growth reflects the suburb's appeal, driven by its family-friendly environment and proximity to essential amenities, making it an attractive option for both renters and investors.
Suburbs near Griffin
Some popular suburbs near Griffin include: