Craigieburn has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.62% to date .
Taking the average capital gain, or increase in median house value, Craigieburn,3064 has racked up an average of 10.62% over the period. This ranks it number 1719th in the whole country for real estate investors looking at median house price increases.
At number 521th of VIC’s most discounted properties, Craigieburn is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Craigieburn is in the bottom 40% in VIC when comparing median price capital growth over the last year. Craigieburn gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.54%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Craigieburn has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.70% to buyers in Craigieburn at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 8.75 sales per month, which equates to 105 per year.
With the median price for a house in Craigieburn being $330000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.04%