With a capital gain of 5.53% for the last 12 months, Craigieburn, 3064 has performed for property investments than its average annual 5.28% 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 8.38% across each of those five years.
Vendor discounting in Craigieburn is giving property investors an average Vendor Discount of around -5.11%. This puts suburb at number 365th in VIC when ranking the most discounted suburbs.
At number 1268 in a list of fastest selling suburbs, Craigieburn is in the TOP 40% of suburbs in Australia with an average of days on market 65 for properties listed there.
With the median price for a house in Craigieburn being $401000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.41%
With a capital gain of -0.76% for the last 12 months, Craigieburn, 3064 has performed for property investments than its average annual 4.32% property growth over the last 5 years.
Across a shorter period, Craigieburn, 3064 has seen a median price increase of 0.77% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Craigieburn is offering property investors an average of -5.27. This rate of discount on properties puts Suburb at number 180th in terms of most discounted suburbs in VIC
In the last year 76 properties changed hands in Craigieburn, which puts it as the 114th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $313.5 mark per week – giving a return of 4.98% based on the median price in Suburb