2/61 Mint Cres, Griffin QLD 4503
2/61 Mint Cres, Griffin QLD 4503
Large 600m² parcel | 4/2/2 family layout | school catchment | flood/bushfire overlays | flat apartment classification anomaly
The property is set apart by a 600 m² lot and 215 m² interior, both larger than typical Griffin family stock. The suburb’s dominant family format is represented by the 4/2/2 layout, and owner-occupier appeal is strengthened by school catchments. The flat apartment classification is unusual on a lot this size, so a duplex or dual-occupancy form is indicated rather than a standard detached house. That distinction is expected to broaden interest from multi-generational buyers and investors. Overall, this property is best suited to buyers wanting a flexible, large suburban holding.
The main constraints are represented by the bushfire and flood overlays. Extra planning or insurance scrutiny may be required. Lending may also be affected by the apartment classification, so confirmation of the approved use should be sought. Rental income is estimated near $715 per week. The large lot may be used for renovation or a secondary dwelling.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/61 Mint Cres, Griffin QLD 4503
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Griffin is a rapidly growing suburb where population surged 79.8% between 2016 and 2021. Demand is driven by young professionals aged 30-39, with couples with children forming 51% of households. The housing market is tight: median house price is $920,000, up 12.2% annually, while houses have grown 96% in five years. Units sit at $670,000, with 18.6% annual growth, though thin sales volumes limit data. Homes sell in 12 days on average, reflecting strong buyer competition. Rental yields of 3.7% for houses and 4.6% for units remain moderate. Future growth is supported by strong population growth and active buyer demand, but risks include affordability pressures, with 54% of residents renting, and potential interest rate sensitivity given typical mortgage repayments of $1,800-$2,399 monthly.
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PropCred Estimated Value
Comparable Sales: 2 Tamba St sold $980k; 60 Mint Cres sold $848k | Property Price Band: $1.0M-$1.1M | Value Drivers: land size, internal area, layout and condition
Bedrooms
4
Bathroom
2
Parking
2
Land
600m²
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