Investment property in Craigieburn 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 -0.93%
If we look at median property appreciation over just the last three months, Craigieburn has given property investors a paper return of -2.19%. This puts Suburb as 439 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Craigieburn is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 353th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.24%, investors should hope to achieve an overall return of 3.89%
At number 606th in the list of Australian suburbs ordered by increase in median house value over the last year, Craigieburn, 3064 is in the top 40% with a property value increase of 0.13% recorded in median house prices.
Comparing Craigieburn,3064 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.94% offered to property buyers. Sellers in Craigieburn itself are offering an average vendor discount of -4.85% to real estate investors.