Introducing this ideal residential investment opportunity. Comprising of 6 units on one title. The brick veneer and terra cotta tile roof units have been master built by a local builder. The complex has a proven rental history and is currently fully tenanted. Strong rents, low interest rates and continued demand for housing in Griffith means that investing in residential property like this just makes sense. Enquire today and explore the numbers.
- Gross Income $93,600 (potential for higher income)
- Central location
Tenders close - Thursday, 5th November 2020 at 4.00 PM
The size of Griffith is approximately 52.0 square kilometres. It has 78 parks covering nearly 13.9% of total area. The population of Griffith in 2016 was 18196 people. By 2021 the population was 19505 showing a population growth of 7.2% in the area during that time. The predominant age group in Griffith is 30-39 years. Households in Griffith are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Griffith work in a labourer occupation.In 2021, 58.00% of the homes in Griffith were owner-occupied compared with 58.90% in 2016.
Griffith has 10,073 properties. Over the last 5 years, Houses in Griffith have seen a 56.22% increase in median value, while Units have seen a 17.54% increase. As at 31 March 2026:
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