Suburb Profile Report for Craigieburn VIC (3064)

Craigieburn House: Median price $608,000, Annual capital growth 10.45%, Number of sales 1058, Weekly median advertised rent $880

Craigieburn Unit: Median price $425,000, Annual capital growth 1.25%, Number of sales 143, Weekly median advertised rent $290

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 984th in the list of Australian suburbs ordered by increase in median house value over the last year, Craigieburn, 3064 is in the top 20% with a property value increase of 25.00% recorded in median house prices.

If we look at median property appreciation over just the last three months, Craigieburn has given property investors a paper return of 11.00%. This puts Suburb as 333 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Craigieburn 3064 should be seeing an average reduction in asking price of around 0.00% . This means that Craigieburn is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Craigieburn the average time real estate has been on the market is 0 days.

Using the current median advertised rental of $880 and the average annual increase in value of a median property of 10.45%, investors should hope to achieve an overall return of 7.53%

Over the last year, property investments in Craigieburn, 3064 have given investors a capital gain of 21.00%. This compares badly with the 22.48% for VIC as a whole.

Comparing Craigieburn,3064 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Craigieburn3064 is located in VIC which offers an average discount of -2.09% to property investors. Craigieburn itself is showing figures that indicate -4.25% is the average achievable by property buyers investing in the suburb.

Situated 25.43km from the CBD, Craigieburn is one of Hume (C) localities in the postcode 3064.

Metrics i HOUSE UNIT
$608,000 $425,000
11.00% 11.01%
25.00% 21.00%
10.45% 1.25%
$880 $290
1058 143
1.65% 4.99%
0 82.8571428571429

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 32756
Median household income ($/weekly) 1388
Median age of persons 30
Median housing loan repayment ($/monthly) 1870
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 3159 9.6
    5-14 years 5193 15.9
    25-34 years 6267 19.1
    35-44 years 5255 16.0
    45-54 years 4147 12.7
    Others 8735 26.7
    Age Group
    Census Count Percent(%)
    Registered Married 12294 52.9
    Not Married 8963 38.6
    Defacto Relationship 1967 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 20816 66.4
    Indonesia 1839 5.9
    Ireland 864 2.8
    Sri Lanka 910 2.9
    Other 1761 5.6
    Others 5142 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1189 3.9
    Christianity 19322 63.3
    Hinduism 1106 3.6
    Islam 3229 10.6
    No Religion 4702 15.4
    Others 987 3.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 808 8.9
    $1,000-$1,249 1027 11.3
    $1,250-$1,499 1006 11.1
    $1,500-$1,999 1645 18.1
    $2,000-$2,499 1180 13.0
    Others 3414 37.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 10488 44.9
    Not in the labour force 6889 29.5
    Employed, worked part-time 3954 16.9
    Unemployed, looking for work 1050 4.5
    Employed, away from work 992 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1835 11.9
    Technicians & trades workers 2609 16.9
    Clerical & administrative workers 2658 17.2
    Machinery operators & drivers 1873 12.1
    Labourers 1847 12.0
    Others 4614 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 657 7.8
    Infants/Primary 3215 38.3
    Secondary 2456 29.2
    Technical or Further Educational Institution 812 9.7
    University or other Tertiary Institutions 949 11.3
    Others 315 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 30202 95.2
    Semi-detached, row or terrace house, townhouse 1270 4.0
    Flat, unit or apartment 236 0.7
    House or flat attached to a shop, office 11 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 6232 63.4
    Rented 1852 18.8
    Fully owned 1685 17.1
    Other tenure type 57 0.6
    Tenure Type
Census 2011, ABS
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