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Craigburn Farm, SA 5051

Home » SA Real Estate Data » City of Mitcham, SA » Craigburn Farm, SA 5051

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Craigburn Farm, SA 5051 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Craigburn Farm, SA 5051”

  1. The total adult population (15 years or older) of Craigburn Farm 5051 SA is 2,470, with a median age of 41. Of those, 66.56% are married, 6.32% are divorced or separated, 25.26% are single and 1.78% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $12,444. The median monthly mortgage repayment for households in this suburb is $2,383 which is 19.15% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia, the suburb of Craigburn Farm 5051 harbours an estimated 1,303 households. As we venture into the third quarter of 2023, the typical house prices in this region are standing at a lofty $1,273,656, and the median weekly rent comes in at $705. This dynamic presents an indicative yield of 2.88%, a touch below the minimum 3% target set by cash-flow driven property investors.

    In terms of socioeconomic standing, Craigburn Farm enjoys a solid IRSAD score of 1134 out of 1217 suggesting a high-income populace with promising economic resources. A cursory look at the rental market reveals a low renter to owner ratio of 6%, suggesting a market largely dominated by owner-occupiers, which from an investment perspective is favourable as lower competition amongst landlords can underpin stronger rental yields. Additionally, the units to houses ratio in Craigburn Farm is a clean 0%, indicating a complete absence of units from the market, paving the way for a stable real estate market not at risk of over-saturation from rentals.

    However, prospective investors should heed the affordability index. The 40-year metric to own a house in this suburb considerably surpasses the standard 30-year-mortgage guideline, indicating decreased affordability for the locals.

    In terms of supply metrics within the local property market, the stock on market percentage for houses is 0.61%, nestled neatly within the neutral range. Further analysis reveals inventory levels for houses at 2.59 months, suggesting a well-absorbed market not overly flooded with properties. The building approvals ratio for houses sits at a favourable 0.77%, indicating a low rate of new dwelling supply entering the market.

    Turning our attention towards demand, the average days on market for houses is significantly high at 180 days, demonstrating a slower moving market with lower demand. However, the combined vacancy rate for houses and units sits at 1.28%, hinting at high demand with little supply, creating a potentially favourable rental market for landlords. Lastly, the buy search index for houses sits precisely at the state average of 5, indicating a moderate level of buyer interest.

    In summary, Craigburn Farm offers an interesting investment prospect with favourable supply metrics and socioeconomic conditions, albeit with caution advised due to the lower indicative yield and the higher than average affordability index. As always, investors should keep a keen eye on these metrics to make the most informed strategic decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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