Suburb Profile Report for Crib Point VIC (3919)

Crib Point House: Median price $520,000, Annual capital growth 7.88%, Number of sales 71, Weekly median advertised rent $360

Crib Point Unit: Median price $380,000, Annual capital growth 5.20%, Number of sales 32, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Crib Point is in the TOP 20% in VIC when comparing median price capital growth over the last year. Crib Point gave property investors a very good capital gain figure when compared to the rest of the state, with 20.93%.

Crib Point,3919 was ranked 733 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Crib Point is offering property investors an average of -5.17. This rate of discount on properties puts Suburb at number 363th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Crib Point the average time real estate has been on the market is 35.76 days.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 7.88%.

At number 93th in the list of Australian suburbs ordered by increase in median house value over the last year, Crib Point, 3919 is in the top 10% with a property value increase of 23.78% recorded in median house prices.

The five-year average increase in median property values for Crib Point,3919 has given property investors a potential capital gain of 26.67% across each of those five years.

The most recent median price for Crib Point is $380000, with sellers offering an average of -2.51% off the asking price.

The VIC suburb of Crib Point, 3919 is in the Mornington Peninsula local government area.

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January 2018

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With the median house price coming in at $450,000 and average returns at 4.2%, the suburb of Crib Point is a growing suburb that’s ideal for investors looking to enter the Victoria marketFull summary

Train hub picks up

Postcode: 3919

Median house price: $450,000

Three-year growth: 34.7%

Rental yield: 4.2%

With the median house price coming in at $450,000 and average returns at 4.2%, the suburb of Crib Point is a growing suburb that’s ideal for investors looking to enter the Victoria market.

House prices shot up by 21.6% over the previous year, and dwellings spent an average of only 43 days on the market. Sellers are unloading houses at an average discount rate of 3.4%, indicating that there is good demand.

Crib Point is one of several suburbs that make up the urban enclave on Western Port, along with Bittern, Hastings, Tyabb and Somerville. It’s a public transport hub that houses the Morradoo, Crib Point and Stony Point railway stations, with Stony Point station serving as the terminus of the Stony Point Line.

Close
Metrics i HOUSE UNIT
$520,000 $380,000
4.00% 8.88%
20.93% 23.78%
7.88% 5.20%
$360 $335
71 32
3.60% 4.58%
35.76 42.25

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Crib Point VIC
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