Suburb Profile Report for Crib Point VIC (3919)

Crib Point House: Median price $520,000, Annual capital growth 6.18%, Number of sales 65, Weekly median advertised rent $400

Crib Point Unit: Median price $412,500, Annual capital growth 4.67%, Number of sales 13, Weekly median advertised rent $360

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 3464th in the list of Australian suburbs ordered by increase in median house value over the last year, Crib Point, 3919 is in the BOTTOM 20% with a property value increase of -6.31% 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 55.22% across each of those five years.

Our latest figures would indicate that property sellers in Crib Point are currently offering property investors an average price cut of -9.54% below the asking price at the moment.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Crib Point, 3919 ranked 128th in VIC when comparing growth in median property values or capital gain over the last 12 months. Crib Point is one of 2099 in our list for VIC

Across a shorter period, Crib Point, 3919 has seen a median price increase of 1.85% over the last quarter.

With the median price for a house in Crib Point being $412500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.54%

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
$520,000 $412,500
0.00% 1.85%
-6.31% 8.55%
6.18% 4.67%
$400 $360
65 13
4.00% 4.54%
72.0535714285714 42.75

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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 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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