Campbellfield

POSTAL CODE: VIC, 3061
HOUSE
CAMPBELLFIELD ranks 275th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 12.74% for the past year is higher than average compared to its 28.26% growth within a five-year period.

Also in CAMPBELLFIELD, the median home price is sitting at $699,000, and the average rent at $530, this suggests property owners could potentially earn a 3.94% increase in gross rental yield.

Property investors have seen a 7.13% gain in CAMPBELLFIELD based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on CAMPBELLFIELD, 3061 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.74%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.81% growth over a ten-year period. It ranks 2081st on our list of suburbs that property investors should look into.

Surburb overview

Campbellfield is a suburb of Hume, Victoria, located approximately 13 kilometres north of Melbourne's Central Business District. As of the 2021 census, it had 4,977 residents.

The suburb encompasses an area of about 12.4 square kilometres and features a mix of residential and industrial zones. Approximately 71.83% of the land is designated as Industrial 1 Zone, while 9.99% is in the General Residential Zone.

Demographically, Campbellfield is diverse. In the 2016 census, 42.5% of residents were born in Australia. Significant communities originate from Iraq (11.5%), Lebanon (8.3%), Italy (5.7%), Turkey (3.6%), and Greece (2.2%). Languages commonly spoken at home include Arabic (28.5%), Sureth (13.4%), Italian (7.7%), Turkish (7.3%), and Greek (4.6%). Islam (35.1%) and Catholicism (35.0%) are the predominant religions.

Public transportation options in Campbellfield include several bus routes that connect residents to neighbouring suburbs and train stations. The suburb is near the Upfield train line, with nearby stations such as Upfield and Gowrie providing access to Melbourne's city centre.

Essential amenities are available within the suburb. Campbellfield Heights Primary School serves the educational needs of younger students. For shopping, residents can access the Fordgate shopping strip on Barry Road and a shopping plaza on Sydney Road, offering various retail outlets and services.

Campbellfield has several parks and reserves, including the Campbellfield Recreation Reserve, which provides open spaces for outdoor activities. Additionally, Merri Creek runs through the area, offering scenic spots for walking and nature appreciation.

Campbellfield offers a range of housing options. The median house price is approximately $620,000, and annual capital growth is 3.33%. Rental yields are around 4.76%, and the median weekly rent is $520.

Campbellfield combines residential living with industrial activity, contributing to its unique character in Melbourne's northern suburbs.

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