20 Spearmint Street, Griffin QLD 4503
20 Spearmint Street, Griffin QLD 4503
3-bed family house | 423 m² Griffin lot | school catchment edge | quick-turnover suburb | mid-3% yield signal
This house sits in the practical heart of Griffin’s detached-home market, where three-bedroom stock turns over quickly and demand leans heavily toward families and investors. The 423 m² block is compact but workable for a young household, and the configuration—three bedrooms, two bathrooms, two-car parking—matches the most common entry point in this corridor. Its real strength is location: placed within easy reach of Griffin State School and Murrumba State Secondary College, it serves buyers who prioritise schooling convenience over space. The suburb’s owner-occupier majority and fast sales pace suggest this property will attract genuine, motivated interest rather than speculative lowballing.
Value may be shaped by how the interior compares to newer nearby builds, as many local houses from the mid-2010s offer modern kitchens and split-system cooling. The land-to-floor ratio is modest, so any premium will likely hinge on presentation and condition rather than size. Rental demand appears solid, with weekly income potential in the $700 range, which could support investor interest. Buyers should weigh the compact yard against the benefit of being in a tightly held street with limited turnover, as that scarcity can hold value over time.
|| Comparable Sales: 23 Spearmint Street sold $984,000 | Property Price Band: $900K–$1M | Value Drivers: school proximity, modern interior condition, compact land size
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Spearmint Street, Griffin QLD 4503
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
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: 23 Spearmint Street sold $984,000 | Property Price Band: $900K–$1M | Value Drivers: school proximity, modern interior condition, compact land size
Bedrooms
3
Bathroom
2
Parking
2
Land
423m²
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