Property investors who have had real estate in Craigie, 6025 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.24%
Over the longer term, Craigie has seen property prices show investors a -9.56% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Craigie is giving property investors an average Vendor Discount of around -5.66%. This puts suburb at number 323th in WA when ranking the most discounted suburbs.
Situated 20.41km from the CBD, Craigie is one of Joondalup (C) localities in the postcode 6025.
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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.