Suburb Profile Report for Craigieburn VIC (3064)

Craigieburn House: Median price $446,000, Annual capital growth 5.91%, Number of sales 825, Weekly median advertised rent $350

Craigieburn Unit: Median price $330,000, Annual capital growth 5.27%, Number of sales 100, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 10.43% which means that Craigieburn, 3064 has done well for property investors by showing a capital gain of 11.78% over the last year

A 27.43% growth in median value for property investors in Craigieburn,3064 puts this suburb at number 365th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Craigieburn is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 509th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

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%.

Comparing Craigieburn,3064 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Craigieburn is giving property investors an average Vendor Discount of around -4.60%. This puts suburb at number 156th in VIC when ranking the most discounted suburbs.

In the last year 100 properties changed hands in Craigieburn, which puts it as the 91th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$446,000 $330,000
2.53% 0.00%
11.78% 1.54%
5.91% 5.27%
$350 $320
825 100
4.08% 5.04%
64.12 79.33

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
Chart Table
Recent sales & rentals