Located in New South Wales within the Griffith local government area, Griffith is a settled mid-to-large suburb (postcode 2680). It is home to about 19,505 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $87K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 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 labourers, professionals, technicians & trades. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are Australian, English, Italian.
Griffith has a median house price of $643,000, which has risen solidly by 6.2% year-on-year. Units have a median price of $490,000 (+21.7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,483.
Griffith is served by 10 schools, including 4 primary, 3 secondary, 1 combined, 2 special. The average ICSEA score is 933, which is below the national average of 1,000. Public transport access includes 1 rail station, 369 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Griffith LGA is moderate at 4,441 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices sit below the state median ($643K/$1.5M), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +6.2% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.