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
Current median dwelling price$772,500Past 3 months
Property growth+19.1%Past 12 months
Griffin's property market has experienced significant growth over the past 12 months, with house values increasing by 12.5% and unit values surging by 25.6%. The median house price has averaged $875,000, while units have reached $670,000, indicating strong demand across both property types.
Sales activity has been robust, with 58 houses and 29 units sold in the past 12 months. Houses are selling quickly, with a median of 31 days on the market, while units are moving even faster at 19 days, reflecting high buyer interest.
The rental market in Griffin has also seen upward trends, with house rents increasing by 8.3% and unit rents by 3.8% over the last year. The average rent for houses is $650, while units average $550, suggesting a healthy rental demand.
Houses | Units | |
---|---|---|
Median price Past 3 months | $875K | $670K |
Change in value Past 12 months | 12.5% | 25.6% |
Sold Past 3 months | 58 | 29 |
Median days on market Past 12 months | 31 | 19 |
Average rent Past 12 months | $650 | $550 |
Change in rent Past 12 months | 8.3% | 3.8% |
5 year median price trend for houses and units
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 8.3% over the past year to $650 per week, while unit rents have seen a 3.8% rise to $550 per week. With its appealing suburban lifestyle and proximity to key amenities, Griffin continues to attract both renters and investors seeking steady returns in a growing community.
Suburbs near Griffin
Some popular suburbs near Griffin include:
How does Griffin compare to nearby suburbs?
- Median house prices: Griffin’s median house price is 8.0% higher than Kallangur’s.
- Median unit prices: Griffin’s median unit price is 1.1% higher than Murrumba Downs’s.
- House price growth: Over the past 12 months, house prices in Griffin have grown 0.8% higher than in Murrumba Downs.
- Unit price growth: Over the past 12 months, unit prices in Griffin have grown 7.1% higher than in Murrumba Downs.
- Selling speed for houses: Properties in Griffin are selling 8.8% faster than in Murrumba Downs.
- Selling speed for units: Properties in Griffin are selling 17.4% faster than in Mango Hill.
- Investment considerations: In Griffin, the rental yield for house is 3.7% lower than the Brisbane average, while the rental yield for units is 10.4% lower.
- House price growth: Over the past 12 months, house prices in Griffin have grown 21.2% lower than the average rate of growth across Brisbane.
- Unit price growth:Over the past 12 months, unit prices in Griffin have grown 8.6% lower than the average rate of growth for units across Brisbane.