Residential Investment

Median House and Rental Prices
Median House Price
Griffith $475,000
NSW $1,207,200

Median Rental
Griffith $400 per week
Sydney $600 per week

data source: Domain December 2021

With consistent population growth; Griffith is the ideal location to invest or relocate! We have many attributes that new industries can benefit from, as well as offering an affordable residential market for the modern family, singles and retirees.

The Griffith Housing Strategy was adopted by Council in November 2019 focusing on implementing strategies and partnerships to address the housing stock shortage in Griffith. Affordable Housing Rebates have been implemented as well as new guidelines in the updated Development Control Plan.

With its strong population growth profile Griffith has long-term land use strategies in place to accommodate population growth. The Griffith Landuse Strategy Beyond 2030 provides direction for land use and spatial development for Griffith with a forward vision of approximately 30 years. The Strategy focuses on optimising land use and urban design to accommodate future economic trends and our community’s evolving needs and aspirations. The Growing Griffith to 2045 - Local Strategic Planning Statement is a 25 year vision and strategy for land use future of Griffith City that was updated in September 2020. The City of Griffith is growing and Griffith City Council is working diligently to cater for this growth in a sustainable manner. The LSPS provides a vision for the future development and growth of Griffith and provides several opportunities for future development, protection of the environment, place making and livability. As a thriving regional centre identified in the Riverina Murray Regional Plan, Griffith must also provide the necessary services for people far beyond the Local Government Area boundaries including medical services, education, employment, commercial needs and transportation among others. As such, the LSPS has prioritised growth in these sectors including a vision to create a medical and education precinct.

The suburb of Collina is one of our largest residential housing areas, close to daycare services, schools, parks, Driver shopping complex, Ted Scobie Oval and only 5 minutes drive to the CBD and presents significant opportunities for further development. Council recently approved four new subdivisions in Collina, the land has been cleared and development has commenced. These developments provide a total of 394 new blocks for purchase. Block sizes range from 700m2 to over 1100m2 and are in high demand. 

Land for residential development is also available at Lake Wyangan and at other locations within the City. Council is developing a Lake Wyangan Masterplan that will include mixed density housing and various sized blocks as well as a retail strip and public parks. With our population continuing to grow and land available for development, there are many opportunities for land and housing investment.

Please contact the Economic Development team on 6962 8100 if you want to explore these opportunities.