Suburb Profile Report for Crib Point VIC (3919)

Crib Point House: Median price $552,000, Annual capital growth 8.76%, Number of sales 67, Weekly median advertised rent $360

Crib Point Unit: Median price $388,500, Annual capital growth 4.76%, Number of sales 18, Weekly median advertised rent $335

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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 9.45%.

Across a shorter period, Crib Point, 3919 has seen a median price increase of -0.90% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Crib Point is offering property investors an average of -5.61. This rate of discount on properties puts Suburb at number 263th in terms of most discounted suburbs in VIC

Crib Point is 281th on a list of best yielding suburbs for rents in VIC with a 3.50% return

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 16.84% to date .

Crib Point,3919 was ranked 635 in Australia by increase in median property value over the quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Crib Point itself are offering an average vendor discount of -3.54% to real estate investors.

Residents and property investors in Crib Point have been waiting around 37.76 days to sell a property.

Crib Point is 121th on a list of best yielding suburbs for rents in VIC with a 4.42% return

Information supplied by:


February 2019

M
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W
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Remarkable growth for units

Postcode: 3919

Median unit price: $397,500

Three-year growth: 38.4%

Rental yield: 4.7%

One of the suburbs that make up the Western Port enclave, Crib Point is well loved by residents for its peaceful atmosphere and proximity to the beach.

The streets are lined with trees, and the entirety of the Mornington Peninsula is accessible from here. Crib Point is also served by three train stations, with Stony Point station being the terminus of the Stony Point line. There are also local markets and cafes for the residents to enjoy, as well as several parks.

The large blocks of land in this suburb provide an excellent opportunity to raise kids for an active lifestyle, but Crib Point does not rest on its house market. The unit market is rising with strength, recording over 20% in the November 2017-2018 period alone. Rental returns are also reasonably high at an average of 4.7%.

Metrics i HOUSE UNIT
$552,000 $388,500
0.00% 2.24%
9.85% 11.32%
8.76% 4.76%
$360 $335
67 18
3.39% 4.48%
59.03448 37.533333

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very 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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