AREA REPORTS

Craigieburn

 

 

VIC/
Craigieburn

Suburb Profile

Craigieburn - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3064

house
unit

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 7.95% for the past year.

Investors saw the median home price rise to $550,000.

Profits due to an upward trend in home prices in the suburb averaged 13.68% per annum over a 3-year period.

CRAIGIEBURN now ranks at the th 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 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 $395 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 46.2 days.

In 2016, 825 properties were sold in CRAIGIEBURN during the past year, making it the 61st most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $550,000 $390,000
GROWTH REPORT
Median Quarterly 0% 1.3%
Median 12 month 7.95% 11.43%
Median 3 years 41.03% 16.42%
Median 5 years 52.78% 31.09%
10 years average annual 7.19% 4.85%
Weekly media advert. rent $395 $345
Time on Market 46.2 days 49.5 days
Gross Rental Yield Percent 3.73% 4.6%
demographics (median values)
Total Population
20786
Weekly Household Income
1118
Household Size
3.10
demographics
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