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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:

Common questions about Griffin

  • Is Griffin a nice place to live?

    Griffin is a delightful suburb that offers a harmonious blend of modern living and natural beauty, making it a wonderful place to call home. With its charming family-friendly atmosphere, Griffin is particularly appealing to young families and professionals who appreciate the balance of suburban tranquility and urban conveniences. The suburb is known for its vibrant community spirit, supported by a range of local amenities such as parks, schools, and shopping facilities, which cater to the needs of its residents. The proximity to the Pine River and Moreton Bay adds a touch of scenic beauty, perfect for those who enjoy outdoor activities and a peaceful lifestyle.

    For families, Griffin provides a nurturing environment with quality educational facilities and plenty of green spaces for children to play and explore. The suburb's strategic location offers easy access to the Bruce Highway, making commuting to Brisbane or the Sunshine Coast convenient for working professionals. Safety is generally not a concern, as the community is tight-knit and supportive, fostering a sense of security among residents.

    However, living in Griffin does come with some trade-offs. As a rapidly growing suburb, ongoing development may lead to increased traffic and construction noise, which could be a consideration for those seeking a quieter lifestyle. Additionally, while Griffin offers a suburban feel, it may lack the nightlife and cultural attractions found in more urban areas. Despite these trade-offs, Griffin's combination of modern amenities, family focus, and natural landscapes makes it a highly desirable place to live for those seeking a vibrant and welcoming community.

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  • Is it expensive to live in Griffin?

    Living in Griffin can be somewhat expensive, especially when considering the current property market. With a median house price of $850,000 and a median unit price of $615,000, purchasing a home in this suburb requires a significant financial commitment. Renting is also on the higher side, with average rents for houses at $630 per week and units at $555 per week.

    When comparing the average wage in Griffin, which stands at approximately $105,000 per year, to the median total household income weekly of $2,013, it becomes evident that a substantial portion of income would need to be allocated towards housing costs. This is particularly true when compared to the average wage across Queensland, which is generally lower than Griffin's average, suggesting that residents in Griffin might have a slightly higher earning capacity.

    In summary, while Griffin offers a pleasant living environment with its proximity to Brisbane and access to amenities, the cost of living, particularly in terms of housing, can be on the higher side. If you are thinking of living in Griffin, it's important to consider these financial aspects to ensure it aligns with your budget and lifestyle preferences.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Griffin a good place to invest?

    Griffin is shaping up to be a promising suburb for investment, with impressive growth figures over the past year. The suburb has seen a significant increase in property values, with median house prices rising by 16.3% and unit values surging by 20.1%. This upward trend suggests a strong demand for properties in the area, making it an attractive option for those looking to invest in real estate.

    In addition to the rise in property values, Griffin has also experienced notable growth in rental returns. House rents have increased by 6.8%, while unit rents have jumped by 11.0% over the last 12 months. This indicates a healthy rental market, which is appealing for investors seeking reliable rental income. The combination of rising property values and rental yields makes Griffin a suburb worth considering for investment.

    Overall, Griffin offers a compelling mix of capital growth and rental income potential. Its recent performance in both property values and rental returns highlights its appeal as a solid investment choice. With these positive trends, Griffin stands out as a suburb with promising prospects for investors looking to capitalize on the real estate market.

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