Griffith is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2603). With a population of 5,328, the suburb has an established demographic with a median age of 38. Households earn a median income of $132K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Griffith is $2.2 million, having dropped significantly 8.2% over the past 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.
From an investment perspective, Griffith offers a gross rental yield of 1.1%, rated 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.
Griffith is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2603). With a population of 5,328, the suburb has an established demographic with a median age of 38. Households earn a median income of $132K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Griffith is $2.2 million, having dropped significantly 8.2% over the past 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.
From an investment perspective, Griffith offers a gross rental yield of 1.1%, rated 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.