Investment property in Craigieburn has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.97%
Across a shorter period, Craigieburn, 3064 has seen a median price increase of 2.82% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Craigieburn, 3064. Typically our figures indicate that -5.07% is being offered, which puts this VIC suburb at 2529th most discounted overall in Australia.
Craigieburn, 3064’s gross rental yield is 4.28%
Over the last year, property investments in Craigieburn, 3064 have given investors a capital gain of -1.49%. This compares badly with the 3.11% for VIC as a whole.
If we look at median property appreciation over just the last three months, Craigieburn has given property investors a paper return of 0.00%. This puts Suburb as 197 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Craigieburn is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 110th in terms of most discounted suburbs in VIC
A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.96%, without taking into account capital value appreciation, which has been averaging out at 4.03%.