Griffith Property Market & Buyers Agents 2026

Griffith's property market is a testament to enduring blue-chip value in the nation's capital. As one of Canberra's oldest and most affluent suburbs, it consistently commands premium prices, driven by a blend of prestige, location, and limited supply. The median house price currently sits around $2.21 million, reflecting a steady, if not spectacular, annual growth of 3.6%. This moderated growth points to a mature, stable market rather than a speculative one, appealing to buyers with a long-term wealth preservation strategy. While houses are the dominant and most sought-after property type, the unit market provides a more accessible entry point with a median of $620,000. The demand for property in Griffith is perpetually strong, fuelled by its proximity to Parliament House and the city's main employment hubs, attracting a steady stream of high-income professionals, public servants, and diplomatic staff. This creates a resilient demand base that is less susceptible to broader economic fluctuations. Supply, on the other hand, is tightly constrained. The suburb is largely developed, with heritage overlays and established streetscapes limiting new large-scale housing projects. Most new supply comes from knockdown-rebuilds or high-end apartment developments on the suburb's fringe, which are quickly absorbed. This fundamental imbalance between persistent demand and inelastic supply underpins the market's price stability and long-term growth trajectory. Recent trends show that while the frantic price escalations of the post-pandemic boom have cooled, values are holding firm. Properties that are well-located and presented continue to sell well, often within a reasonable timeframe of around 49 days on market. The rental market is robust, particularly for executive-style homes and modern apartments, though yields for houses are modest at around 2.4%, reflecting the high capital values. For investors, the thesis is not high rental return but strong, stable capital appreciation over the long haul.

Established in 1927 and designed with influences from Walter Burley Griffin, Griffith is a cornerstone of Canberra's inner-south. Its character is defined by wide, tree-lined streets, heritage homes, and abundant green spaces, with 19 parks covering over 18% of the suburb. The suburb is highly sought-after by professionals and families for its blend of tranquility and accessibility.

At the heart of the suburb lies the Manuka shopping precinct, a vibrant hub offering boutique shopping, cafes, and upscale restaurants. Residents also enjoy close proximity to the Kingston Foreshore for waterfront dining and the Fyshwick Markets for fresh produce.

Griffith is well-served by reputable schools. Primary-aged children are zoned for Forrest Primary School or Red Hill School, both highly regarded public schools. Private options within the suburb include St Edmund's College for boys and St Clare's College for girls. The prestigious Canberra Grammar School is also nearby.

Public transport is readily available, with multiple bus routes, including the R6, connecting Griffith to the CBD, Woden, and other town centres. The suburb's central location means key destinations like Parliament House, the city centre, and Canberra Airport are just a short drive away.

Recreational facilities are plentiful, with the iconic Manuka Oval hosting AFL and cricket matches, and numerous parks like Collins Park and Griffith Park providing walking and cycling tracks. The proximity to Lake Burley Griffin further enhances the outdoor lifestyle options available to residents.