Suburb Profile Report for Craigieburn VIC (3064)

Craigieburn House: Median price $435,000, Annual capital growth 5.87%, Number of sales 973, Weekly median advertised rent $350

Craigieburn Unit: Median price $330,000, Annual capital growth 4.63%, Number of sales 120, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Craigieburn have tracked close to the VIC average of 8.96% over the last 12 months.

Over the longer term, Craigieburn has seen property prices show investors a 20.83% return over the last 3 years. This is worse than over the last 12 months

Craigieburn, 3064 is offering VIC ‘s 465th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

In the last year 973 properties changed hands in Craigieburn, which puts it as the 3rd most active market in VIC when comparing the number of sales per suburb.

Craigieburn, 3064’s gross rental yield is 4.18%

Investment property in Craigieburn has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

When looking at the potential capital gains offered to property investors over the last 3 years, Craigieburn comes in at number 229th in VIC.

Craigieburn3064 is located in VIC which offers an average discount of -5.07% to property investors. Craigieburn itself is showing figures that indicate -4.97% is the average achievable by property buyers investing in the suburb.

In the last year 120 properties changed hands in Craigieburn, which puts it as the 73th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $320 mark per week – giving a return of 5.04% based on the median price in Suburb

Metrics i HOUSE UNIT
$435,000 $330,000
2.05% 0.00%
10.13% 0.00%
5.87% 4.63%
$350 $320
973 120
4.18% 5.04%
66.68 83.7

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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