Suburb Profile Report for Crib Point VIC (3919)

Crib Point House: Median price $403,500, Annual capital growth 6.25%, Number of sales 65, Weekly median advertised rent $338

Crib Point Unit: Median price $292,500, Annual capital growth 3.56%, Number of sales 37, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Crib Point, 3919 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.68%

When looking at the potential capital gains offered to property investors over the last 3 years, Crib Point comes in at number 350th in VIC.

Vendor discounting in Crib Point is giving property investors an average Vendor Discount of around -5.92%. This puts suburb at number 264th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Crib Point the average time real estate has been on the market is 79.44 days.

Crib Point, 3919’s gross rental yield is 4.35%

Crib Point, 3919 ranked 213th in VIC when comparing growth in median property values or capital gain over the last 12 months. Crib Point is one of 2098 in our list for VIC

Crib Point,3919 has offered an average of 1.30% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Crib Point should be aiming for at least -4.00% off the asking price, which is the average vendor discount being achieved at the moment.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.33%, without taking into account capital value appreciation, which has been averaging out at 3.56%.

HOUSE UNIT
$403,500 $292,500
2.15% 0.86%
18.68% 1.30%
6.25% 3.56%
$338 $300
65 37
4.35% 5.33%
79.44 88.77

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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
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Recent sales & rentals