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Crib Point
AREA REPORTS

Crib Point

Crib Point - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3919

house
unit

Property investors enjoyed capital gains of 29.98% over the last 12 months in CRIB POINT, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 9.67% growth over a ten-year period. It ranks 89th on our list of suburbs that property investors should look into.

CRIB POINT, 3919 has a capital gain of 29.98% for the past year, which is higher than average compared to its 85.19% growth within a five-year period.

With the median home price in CRIB POINT sitting at $750,000, and the average rent at $460, property owners could potentially earn a 3.19% increase in gross rental yield.

A 29.98% increase in median property prices in CRIB POINT, 3919 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 98th.

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

CRIB POINT, 3919 in VIC belongs to the local government area of Mornington Peninsula (S).

Data report can be found below

Crib Point
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $750,000 $503,500
GROWTH REPORT
Median Quarterly 4.17% 4.9%
Median 12 month 29.98% 19.6%
Median 3 years 35.87% 29.6%
Median 5 years 85.19% 73.62%
10 years average annual 9.67% 6.44%
Weekly media advert. rent $460 $380
Time on Market 22.1 days 21.5 days
Gross Rental Yield Percent 3.19% 3.92%
demographics (median values)*
Total Population
3183
Weekly Household Income
1167
Household Size
2.50
Age
38
Monthly Loan Repayment
1449
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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