Investment property in Craigie 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 -2.55%
The five-year average increase in median property values for Craigie,6025 has given property investors a potential capital gain of -16.83% across each of those five years.
The most recent median price for Craigie is $420000, with sellers offering an average of -6.52% off the asking price.
In the last year 115 properties changed hands in Craigie, which puts it as the 63th most active market in WA when comparing the number of sales per suburb.
Information supplied by:
Northern Perth suburb Craigie is sandwiched between the coast and the Mitchell Freeway, 20km north of the CBD. Its proximity to the freeway and accompanying rail link between Perth and Joondalup mean that its transport links are excellent, and the beach is just a short bus ride or walk away. The area is well-served for amenities, with a number of schools and shops nearby.
The area is extremely affordable compared to beachside neighbours: Kallaroo’s median house price is over $600,000, and even northern neighbour Beldon’s median price is around $20,000 more expensive.
Weekly family income is well above the WA median at $1,638pw; residents tend to be employed professionals. Its low comparative value may be due to the stigma of a waste water plant in the suburb. Whether or not there is a smell is hotly debated by residents, but to be sure to stay away from the freeway side of the suburb just to be sure.
Around 20% of properties are rented, and residential vacancy rates have been below 2% for over two years.