Craigmore

POSTAL CODE: SA, 5114
HOUSE

CRAIGMORE, 5114 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling CRAIGMORE, 5114 values up and netting property investors a capital gain of 10.57% for the past year.

Investors saw the median home price rise to $664,500.

Profits due to an upward trend in home prices in the suburb averaged 19.91% per annum over a 3-year period.

CRAIGMORE now ranks at the 183rd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CRAIGMORE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $560 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CRAIGMORE, homes and units usually stay on listing for an average of 37.8 days.

In 2016, 160 properties were sold in CRAIGMORE during the past year, making it the 374th most active market in SA based on total real estate transactions.

Surburb overview

Craigmore, located approximately 28 kilometres north of Adelaide's central business district, is a well-established suburb in South Australia known for its family-friendly environment and diverse community. It falls within the City of Playford, one of the state's fastest-growing local government areas, which encompasses a mix of suburban, rural, and semi-rural communities. The suburb has a population of around 11,000 residents, with a demographic mix that includes families, young professionals, and retirees who appreciate its affordable housing, convenient amenities, and proximity to both the city and the northern regions of Adelaide.

Public transportation in Craigmore is well-serviced by Adelaide Metro buses, offering regular services to the Adelaide CBD and surrounding suburbs. The nearby Elizabeth and Munno Para railway stations provide additional public transport options, making it easy for residents to commute to the city or other parts of the metropolitan area. The suburb is also well-connected by major roads, including Main North Road and the Northern Expressway, facilitating easy access by car to the city, Barossa Valley, and beyond.

The suburb offers a range of amenities to cater to the needs of its residents. Craigmore Shopping Village is a central hub within the suburb, providing a variety of retail stores, a supermarket, cafes, and essential services. Additionally, residents have easy access to larger shopping centres, such as the Munno Para Shopping City and Elizabeth City Centre, which offer a broader range of retail, dining, and entertainment options, ensuring that daily necessities and leisure activities are within close reach.

Educational facilities in Craigmore are excellent, making it a popular choice for families. The suburb is home to several schools, including Craigmore High School, Playford Primary School, and Trinity College Blakeview. These schools are well-regarded within the community and provide quality education for children of all ages. The presence of multiple schools and childcare centres in the area makes Craigmore a practical location for families with young children.

Recreational activities in Craigmore are supported by its numerous parks, reserves, and sports facilities. The suburb is home to several parks, including Craigmore Park and Edward John Eyre Reserve, which offer playgrounds, sports fields, walking paths, and picnic areas, providing residents with ample opportunities for outdoor activities and community gatherings. The nearby Stebonheath Park and the Playford Lakes Golf Club offer additional options for sports and recreation, making Craigmore a well-rounded suburb for active living.

Craigmore’s combination of affordable housing, strong transport links, and access to a wide range of amenities makes it an attractive location for a diverse range of residents. The suburb’s family-friendly environment, quality schools, and proximity to both the city and the scenic northern regions of Adelaide continue to attract those seeking a balanced and convenient lifestyle in one of Adelaide’s northern suburbs.

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