Property investors who have had real estate in Craigieburn, 3064 should be ok 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 1.89%
Craigieburn,3064 has offered an average of 1.89% return per annum in house price rises to property investors over the last three years.
Craigieburn, 3064 is offering VIC ‘s 264th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Craigieburn is in the bottom 20% in VIC when comparing median price capital growth over the last year. Craigieburn gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.55%.
When looking at the potential capital gains offered to property investors over the last 3 years, Craigieburn comes in at number 263th in VIC.
Property investors looking for a bargain in Craigieburn should be aiming for at least -4.15% off the asking price, which is the average vendor discount being achieved at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 2.97%.