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Property investors enjoyed capital gains of 9.41% over the last 12 months in CRAIGIE, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in CRAIGIE are low, as opposed to average gains per annum over the past five years.
The suburb posted a 53.57% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.
On average, rents on listings have reached the $700 mark, reflecting a 4.23% increase in returns based on the current median price in CRAIGIE.
CRAIGIE, 6025 ranks 380th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 225th on the list of best yielding suburbs for rental properties in WA, posting a 4.23% return.
Craigie is a well-established and family-friendly suburb approximately 23 kilometres north of the Perth central business district (CBD). Known for its affordable housing, abundance of parks, and close-knit community, Craigie offers a relaxed suburban lifestyle with convenient access to essential amenities and Perth’s stunning northern beaches.
Craigie has a population of around 6,000 residents. The suburb is characterised by a mix of older homes from the 1970s and 1980s and modern developments. The housing consists of single-family homes set on spacious blocks, often with established gardens. This variety in housing appeals to a broad demographic, offering affordable living options in a quiet and welcoming suburban setting.
Public transportation in Craigie is accessible. Several Transperth bus routes connect the suburb to surrounding areas, including Joondalup and the Perth CBD. The nearby Whitfords Train Station on the Joondalup Line provides additional commuting options, offering a direct route to the city and northern suburbs. Craigie is well-connected via Mitchell Freeway and Marmion Avenue, making travel to the city and coastal areas convenient.
Craigie Open Space is a large parkland area, making it a central hub for community activities and outdoor recreation. The suburb is also home to the Craigie Leisure Centre, a popular fitness and aquatic centre that provides swimming pools, a gym, group fitness classes, and sports courts. The leisure centre is a crucial facility for both casual and competitive fitness, contributing to the active lifestyle of Craigie residents.
The suburb is just a short drive from some of Perth’s most beautiful beaches, including Mullaloo Beach and Whitfords Beach, which offer swimming, surfing, and beachside relaxation opportunities. Hillarys Boat Harbour, a significant waterfront entertainment hub, is also nearby, providing dining, shopping, and family-friendly attractions such as the Aquarium of Western Australia (AQWA).
Craigie offers convenient access to shopping and essential services, such as Westfield Whitford City Shopping Centre, which features a wide range of retail stores, supermarkets, restaurants, and entertainment options, including cinemas. Locally, Craigie Plaza provides residents with everyday shopping needs, such as groceries, cafes, and other services.
The suburb is home to Craigie Heights Primary School, which is well-regarded within the local community. Nearby schools, including Whitford Catholic Primary School and Belridge Secondary College, offer additional educational options for families with children of different ages.