Suburb Profile Report for Craigieburn VIC (3064)

Craigieburn House: Median price $440,000, Annual capital growth 5.90%, Number of sales 939, Weekly median advertised rent $350

Craigieburn Unit: Median price $330,000, Annual capital growth 4.90%, Number of sales 105, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$440,000 $330,000
2.98% 0.00%
10.62% 1.54%
5.90% 4.90%
$350 $320
939 105
4.14% 5.04%
65.58 78

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 32756
Median household income ($/weekly) 1388
Median age of persons 30
Median housing loan repayment ($/monthly) 1870
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 3159 9.6
    5-14 years 5193 15.9
    25-34 years 6267 19.1
    35-44 years 5255 16.0
    45-54 years 4147 12.7
    Others 8735 26.7
    Age Group
    Census Count Percent(%)
    Registered Married 12294 52.9
    Not Married 8963 38.6
    Defacto Relationship 1967 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 20816 66.4
    Indonesia 1839 5.9
    Ireland 864 2.8
    Sri Lanka 910 2.9
    Other 1761 5.6
    Others 5142 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1189 3.9
    Christianity 19322 63.3
    Hinduism 1106 3.6
    Islam 3229 10.6
    No Religion 4702 15.4
    Others 987 3.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 808 8.9
    $1,000-$1,249 1027 11.3
    $1,250-$1,499 1006 11.1
    $1,500-$1,999 1645 18.1
    $2,000-$2,499 1180 13.0
    Others 3414 37.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 10488 44.9
    Not in the labour force 6889 29.5
    Employed, worked part-time 3954 16.9
    Unemployed, looking for work 1050 4.5
    Employed, away from work 992 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1835 11.9
    Technicians & trades workers 2609 16.9
    Clerical & administrative workers 2658 17.2
    Machinery operators & drivers 1873 12.1
    Labourers 1847 12.0
    Others 4614 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 657 7.8
    Infants/Primary 3215 38.3
    Secondary 2456 29.2
    Technical or Further Educational Institution 812 9.7
    University or other Tertiary Institutions 949 11.3
    Others 315 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 30202 95.2
    Semi-detached, row or terrace house, townhouse 1270 4.0
    Flat, unit or apartment 236 0.7
    House or flat attached to a shop, office 11 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 6232 63.4
    Rented 1852 18.8
    Fully owned 1685 17.1
    Other tenure type 57 0.6
    Tenure Type
Census 2011, ABS
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