Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).

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Overview

Griffin, located in the Moreton Bay region, is a rapidly growing suburb known for its family-friendly environment, modern housing developments, and proximity to natural attractions. Its strategic location near Brisbane and Moreton Bay makes it a desirable area for families and investors alike.

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Demographics

• Population: Approximately 10,000 (2021 Census, ABS).
• Median Age: 32 years, reflecting a young and vibrant community.
• Dwelling Type: Predominantly standalone houses, with a mix of modern units and townhouses.
• Ownership: High ownership rates, indicative of long-term residential stability.

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Property Market (2024)

Houses

• Median Sale Price: $805,000 (+13.4% annual growth).
• Median Weekly Rent: $630.
• Rental Yield: 4.2%.
• Sales Volume: 166 recorded house sales in the past 12 months.

Units

• Median Sale Price: $520,000 (+14.3% annual growth).
• Median Weekly Rent: $535.
• Rental Yield: 5.3%.

Long-Term Trends (2006–2024)

Griffin’s housing market has seen robust growth, with the median house price increasing from $320,000 in 2006 to $805,000 in 2024. This represents an average annual growth rate of approximately 7.1%.

Recent Notable Sales

• 41 Van Lieshout Circuit: Sold for $870,000 (Nov 2024).
• 64 Sawmill Drive: Sold for $770,000 (Nov 2024).
• 32 Cairns Road: Sold for $884,000 (Nov 2024).

Source: Pricefinder, Your Investment Property Magazine.

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Education

Griffin provides access to quality educational facilities:

• Primary Schools:
  • Griffin State School.
• Secondary Schools:
  • Murrumba State Secondary College (nearby).
• Private Schools:
  • Living Faith Lutheran Primary School (nearby).

Source: Queensland Department of Education, Landchecker.

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Amenities and Lifestyle

Shopping

• Griffin Central: A local shopping hub for daily needs.
• Nearby Options: North Lakes Westfield provides extensive retail, dining, and entertainment options.

Parks and Recreation

• Osprey House Environmental Centre: Offers walking trails, picnic areas, and birdwatching opportunities along the Pine River.
• Griffin Sports Complex: A hub for sports and community activities.
• Bray Farm Park: Features playgrounds and open spaces for families.

Source: Google, Walkscore.

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Transport and Accessibility

• Road Network:
  • Griffin is well-connected via Bruce Highway, providing easy access to Brisbane CBD and Sunshine Coast.
• Public Transport:
  • Mango Hill and Murrumba Downs train stations nearby offer regular services to Brisbane.
• Walkability:
  • Moderate; amenities and parks are accessible by car or public transport.

Source: TMR Queensland, Walkscore.

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Recent and Planned Developments

• Residential Expansion: Continued development of modern housing estates to meet increasing demand.
• Community Investments: Upgrades to schools, parks, and public transport infrastructure.

Source: Pricefinder, Your Investment Property Magazine.

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Community and Employment

• Employment Sectors:
  • Dominated by healthcare, retail, education, and professional services.
• Community Activities:
  • Local markets, environmental initiatives, and sports programs foster strong community ties.

Source: ABS, Your Investment Property Magazine.

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Key Statistics at a Glance

Metric	Value
Population	~10,000 (2021 Census).
Median House Price (2024)	$805,000.
Median Rent (Houses)	$630/week.
Rental Yield (Houses)	4.2%.
Median Unit Price (2024)	$520,000.
Median Rent (Units)	$535/week.
Rental Yield (Units)	5.3%.
Notable Parks	Osprey House, Griffin Sports Complex, Bray Farm Park.
Transport Access	Bruce Highway, Mango Hill Station, Murrumba Downs Station.

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Conclusion

Griffin offers strong investment potential with consistent property growth, excellent amenities, and a family-friendly atmosphere. Its strategic location near Brisbane and the Sunshine Coast enhances its appeal for both residents and investors.