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Craigieburn, VIC 3064

Home » VIC Real Estate Data » Hume City, VIC » Craigieburn, VIC 3064

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 Craigieburn, VIC 3064 located in Melbourne 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.

Buy 

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3BR

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Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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3BR

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 “Craigieburn, VIC 3064”

  1. The total adult population (15 years or older) of Craigieburn 3064 VIC is 48,415, with a median age of 32. Of those, 55.48% are married, 9.01% are divorced or separated, 32.49% are single and 3.01% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $7,420. The median monthly mortgage repayment for households in this suburb is $1,850 which is 24.93% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Craigieburn, postcode 3064, can be found tucked away in Victoria and is estimated to encompass a hearty 23,986 households. As we moved to the close of Q3 in 2023, the typical property price for houses in Craigieburn floated around the $704,227 mark. These properties were often rented out at a median weekly rent of $414, churning out an indicative yield of 3.06%.

    In the socio-economic landscape, Craigieburn scores a respectable 956 out of a possible 1217 in the IRSAD index, suggesting a good access to economic resources, steady income levels and a professional workforce. Interestingly, the community maintains a healthy renter to owner ratio of 28%, suggesting a decent blend of tenancy types, without an over-saturation of rental properties. This matches well with the suburb’s units to houses ratio which sits at 3%, showing a favourable market leaning towards houses and family-oriented tenants.

    However, potential investors may do a double-take at the suburb’s affordability index. Expect to dedicate 37 years towards truly owning a property in Craigieburn, which, while revealing an in-demand market, highlights a certain level of difficulty in affordability for would-be homeowners.

    In terms of supply, houses on the market claim about 0.44% of the suburb’s total dwelling volume. This isn’t too high to raise eyebrows, but it is enough to suggest a decent flow of properties, especially when coupled with an inventory level of a brisk 1.32 months. Building developments are also straightforward, with a BA ratio for houses of 0.22%, indicating a low but stable supply of new dwellings.

    As for buyer interest, the average house in Craigieburn spends just 27 days on the market, that’s a full month less than what’s often considered unfavourable. The vacancy rate, combining both houses and units, is kept low at 1% indicating relative ease in finding tenants. However, the buy search index rings in at 3, which is at the lower end of the scale, yet within what’s considered neutral, suggesting that there’s ample room for growth in buyer interest.

    So, is Craigieburn a solid investment opportunity? With a well-balanced supply-demand dynamic and a favourable yield, it offers elements of appeal. Despite a rather high affordability index, the other metrics largely suggest a healthy market profile.
    Remember to not only consider these statistics, but the trends they suggest. And, it’s okay if some metrics don’t fit the ‘ideal’ if the majority lean towards a favourable investment climate. Utilising the comprehensive RCS metric, by HtAG Analytics, can further ease your research, encapsulating over 80 different factors in its calculations. Keeping abreast of property market data is key, as these indicators can shift, unveiling new opportunities and trends in the fast-paced world of property investing.

    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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