City of Moreton Bay – Pine Rivers Urban – Buyer’s Agent Suburb Report: Griffin, QLD
November 23, 2024 | Investment
Date Prepared: 22nd November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
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.
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.
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.
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.
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.
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.
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.
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.
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. |
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.
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