Suburb Profile Report for Craigieburn VIC (3064)

Craigieburn House: Median price $413,700, Annual capital growth 5.54%, Number of sales 908, Weekly median advertised rent $340

Craigieburn Unit: Median price $330,000, Annual capital growth 4.62%, Number of sales 92, Weekly median advertised rent $311

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 7.45% for the last 12 months, Craigieburn, 3064 has performed for property investments than its average annual 5.54% property growth over the last 5 years.

The five-year average increase in median property values for Craigieburn,3064 has given property investors a potential capital gain of 11.96% across each of those five years.

Our latest figures would indicate that property sellers in Craigieburn are currently offering property investors an average price cut of -4.58% below the asking price at the moment.

The VIC suburb of Craigieburn, 3064 is in the Hume local government area.

Craigieburn, 3064 ranked 228th in VIC when comparing growth in median property values or capital gain over the last 12 months. Craigieburn is one of 2098 in our list for VIC

While Craigieburn,3064 ranked number 119th in VIC for increase in median house value (annualised) increase, it is ranked 324th over the last 5 years.

Property buyers and investors in Craigieburn 3064 should be seeing an average reduction in asking price of around -5.84% . This means that Craigieburn is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $311 mark per week – giving a return of 4.90% based on the median price in Suburb

HOUSE UNIT
$413,700 $330,000
3.43% 1.54%
7.45% 1.54%
5.54% 4.62%
$340 $311
908 92
4.27% 4.90%
68.15 86.61

Source: CoreLogic

DSR Score for property investment : Very 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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