CRAIGIEBURN, 3064 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling CRAIGIEBURN, 3064 values up and netting property investors a capital gain of 23.45% for the past year.
Investors saw the median home price rise to $542,500.
Profits due to an upward trend in home prices in the suburb averaged 15.77% per annum over a 3-year period.
CRAIGIEBURN now ranks at the 8th 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 CRAIGIEBURN are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $365 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 CRAIGIEBURN, homes and units usually stay on listing for an average of 51.2 days.
In 2016, 109 properties were sold in CRAIGIEBURN during the past year, making it the 715th most active market in VIC based on total real estate transactions.
CRAIGIEBURN ranks 268th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
CRAIGIEBURN, 3064 has a capital gain of 21.21% for the past year, which is higher than average compared to its 24.03% growth within a five-year period.
CRAIGIEBURN, 3064 ranks 138th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.21% for property investors last year.
With the median home price in CRAIGIEBURN sitting at $400,000, and the average rent at $327.5, property owners could potentially earn a 4.26% increase in gross rental yield.
Property investors have seen a 12.68% gain in CRAIGIEBURN based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on CRAIGIEBURN, 3064 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 21.21%.
A survey of average capital gains or median home price increase in suburbs across the country shows that CRAIGIEBURN, 3064 obtained a 5.83% growth over a ten-year period. It ranks 548th on our list of suburbs that property investors should look into.