Suburb Profile Report for Crib Point VIC (3919)

Crib Point House: Median price $450,000, Annual capital growth 7.19%, Number of sales 69, Weekly median advertised rent $360

Crib Point Unit: Median price $308,500, Annual capital growth 3.55%, Number of sales 48, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Crib Point, 3919 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 23.29%.

Over the longer term, Crib Point has seen property prices show investors a 34.73% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Crib Point is offering property investors an average of -5.41. This rate of discount on properties puts Suburb at number 431th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 7.19%, investors should hope to achieve an overall return of 4.16%

Investment property in Crib Point has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.58%

Taking the average capital gain, or increase in median house value, Crib Point,3919 has racked up an average of 4.58% over the period. This ranks it number 1073th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Crib Point is giving property investors an average Vendor Discount of around -3.25%. This puts suburb at number 255th 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 55.76 days.

With the median price for a house in Crib Point being $308500 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.23%

Metrics i HOUSE UNIT
$450,000 $308,500
4.65% 5.47%
23.29% 4.58%
7.19% 3.55%
$360 $310
69 48
4.16% 5.23%
46.64 55.76

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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