Suburb Profile Report for Craigie WA (6025)

Craigie House: Median price $460,000, Annual capital growth 4.18%, Number of sales 114, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Craigie has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.17%

If we look at median property appreciation over just the last three months, Craigie has given property investors a paper return of -1.08%. This puts Suburb as 214 on a list of fastest fasting appreciating suburbs in WA

The most recent median price for Craigie is $460000, with sellers offering an average of -5.21% off the asking price.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

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Northern Perth suburb Craigie is sandwiched between the coast and the Mitchell Freeway, 20km north of the CBD. Its proximity to the freeway and accompanying rail link between Perth and Joondalup mean that its transport links are excellent, and the beach is just a short bus ride or walk away. The area is well-served for amenities, with a number of schools and shops nearby.Full summary

Northern Perth suburb Craigie is sandwiched between the coast and the Mitchell Freeway, 20km north of the CBD. Its proximity to the freeway and accompanying rail link between Perth and Joondalup mean that its transport links are excellent, and the beach is just a short bus ride or walk away. The area is well-served for amenities, with a number of schools and shops nearby.

The area is extremely affordable compared to beachside neighbours: Kallaroo’s median house price is over $600,000, and even northern neighbour Beldon’s median price is around $20,000 more expensive.

Weekly family income is well above the WA median at $1,638pw; residents tend to be employed professionals. Its low comparative value may be due to the stigma of a waste water plant in the suburb. Whether or not there is a smell is hotly debated by residents, but to be sure to stay away from the freeway side of the suburb just to be sure.

Around 20% of properties are rented, and residential vacancy rates have been below 2% for over two years.

Close
HOUSE UNIT
$460,000 N/A
-1.08% N/A
-4.17% N/A
4.18% N/A
$380 N/A
114 N/A
4.30% N/A
64.83 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 5601
Median household income ($/weekly) 1316
Median age of persons 34
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 591 10.6
    25-34 years 1089 19.4
    35-44 years 830 14.8
    45-54 years 712 12.7
    55-64 years 644 11.5
    Others 1735 31.0
    Age Group
    Census Count Percent(%)
    Not Married 1801 43.4
    Registered Married 1786 43.0
    Defacto Relationship 567 13.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3490 66.0
    Papua New Guinea 281 5.3
    South Africa 89 1.7
    United Kingdom 770 14.6
    Other 199 3.8
    Others 461 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 1.4
    Christianity 3142 62.4
    Islam 36 0.7
    Other Religious Groups 49 1.0
    No Religion 1714 34.1
    Others 20 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 175 9.0
    $1,000-$1,249 200 10.3
    $1,250-$1,499 196 10.1
    $1,500-$1,999 313 16.1
    $2,000-$2,499 217 11.1
    Others 847 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1925 44.3
    Not in the labour force 1124 25.9
    Employed, worked part-time 929 21.4
    Employed, away from work 211 4.9
    Unemployed, looking for work 158 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 509 16.6
    Technicians & trades workers 676 22.0
    Community & personal service workers 328 10.7
    Clerical & administrative workers 480 15.7
    Labourers 314 10.2
    Others 760 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 72 6.8
    Infants/Primary 373 35.4
    Secondary 246 23.4
    Technical or Further Educational Institution 131 12.4
    University or other Tertiary Institutions 204 19.4
    Others 27 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4990 95.4
    Semi-detached, row or terrace house, townhouse 182 3.5
    Flat, unit or apartment 58 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1062 48.8
    Fully owned 572 26.3
    Rented 538 24.7
    Other tenure type 3 0.1
    Tenure Type
Census 2011, ABS
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