Griffith Rent Prices Up 37% From 2019

A Look at the Latest Trends and Figures

The latest real estate statistics reveal a compelling narrative of growth and opportunity.

Griffith’s real estate landscape is experiencing an exciting evolution. Recent data indicates a robust increase in median property values and median rental income, a testament to the region’s burgeoning appeal and the lifestyle it offers.

Domains March 2024 Rental Report reports Griffith has see significant increases in the weekly rent achieved across the entire market.

HOUSES: the year on year increase for weekly rents was 9.1% with the median rent now at $480 per week. In 2023 the median was $440 per week and in 2019 was $350 per week, delivering 5 year growth of a staggering 37.1%.

UNITS: The median rent has jumped 8.6% in the last 12 months to now be $380 per week, the 5 year increase was 31%.

A quick look at the vacant property advertised online shows a distinct increase on the asking prices as investors are spoilt for choice when it comes to quality tenant applications.

Landlords who have not reviewed their current rents are likely missing out on significant gains, particularly if the tenant has been in the property for an extended period of time.