Located in Australian Capital Territory within the Unincorporated ACT local government area, Griffith is a moderately sized suburb (postcode 2603). It is home to about 5,328 residents, with an established demographic and a median age of 38. Households earn a median income of $132K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. ACT employment has moved -0.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. ACT also had 6 Commonwealth-backed major projects under construction, 1 underway, and 7 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are English, Australian, Irish.
Griffith has a median house price of $2.2 million, which has fallen sharply by 8.2% year-on-year. Units have a median price of $625,000 (-0.8% YoY). The median weekly rent is $462 (Census 2021). This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,118.
Griffith is served by 2 schools, including 1 secondary, 1 combined. The average ICSEA score is 1084, which is above the national average of 1,000. Public transport access includes 21 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 3,453 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.1%, which reads as low yield. Property prices are above the state median ($2.2M/$1.0M), placing it in the premium segment. The price-to-income ratio of 16.5x is considered stretched. House prices have moved -8.2% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.