Suburb Profile Report for Crib Point VIC (3919)

Crib Point House: Median price $415,500, Annual capital growth 6.73%, Number of sales 67, Weekly median advertised rent $345

Crib Point Unit: Median price $290,000, Annual capital growth 3.47%, Number of sales 43, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Crib Point has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 22.21% to date .

The five-year average increase in median property values for Crib Point,3919 has given property investors a potential capital gain of 29.84% across each of those five years.

Property investors looking for a bargain in Crib Point should be aiming for at least -5.89% off the asking price, which is the average vendor discount being achieved at the moment.

A $345 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 6.73%.

Giving property investors a an average capital gain of 0.43% for the last year, Crib Point, 3919 is the 1038th highest performer in Australia in this respect.

Across a shorter period, Crib Point, 3919 has seen a median price increase of 0.00% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Crib Point itself are offering an average vendor discount of -4.09% to real estate investors.

With the median price for a house in Crib Point being $290000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.38%

Metrics i HOUSE UNIT
$415,500 $290,000
3.23% 0.00%
22.21% 0.43%
6.73% 3.47%
$345 $300
67 43
4.32% 5.38%
70.9 90.11

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2839
Median household income ($/weekly) 1060
Median age of persons 36
Median housing loan repayment ($/monthly) 1437
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 391 13.8
    25-34 years 323 11.4
    35-44 years 441 15.5
    45-54 years 454 16.0
    55-64 years 344 12.1
    Others 886 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 900 44.4
    Not Married 820 40.5
    Defacto Relationship 307 15.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2287 86.6
    New Zealand 16 0.6
    Papua New Guinea 35 1.3
    United Kingdom 204 7.7
    Other 25 0.9
    Others 74 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1471 60.0
    No Religion 929 37.9
    Buddhism 33 1.3
    Other Religious Groups 16 0.7
    Judaism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 102 11.2
    $600-$799 116 12.7
    $800-$999 94 10.3
    $1,000-$1,249 123 13.5
    $1,500-$1,999 124 13.6
    Others 353 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 813 38.6
    Not in the labour force 677 32.1
    Employed, worked part-time 432 20.5
    Employed, away from work 103 4.9
    Unemployed, looking for work 81 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 130 9.6
    Technicians & trades workers 318 23.6
    Community & personal service workers 166 12.3
    Clerical & administrative workers 150 11.1
    Labourers 204 15.1
    Others 382 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 53 8.5
    Infants/Primary 244 39.4
    Secondary 179 28.9
    Technical or Further Educational Institution 74 11.9
    University or other Tertiary Institutions 53 8.5
    Others 17 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2427 91.9
    Flat, unit or apartment 183 6.9
    Semi-detached, row or terrace house, townhouse 27 1.0
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 499 49.5
    Fully owned 278 27.6
    Rented 226 22.4
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals