Fraud Blocker

Crib Point, VIC 3919

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 Crib Point, VIC 3919 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Crib Point, VIC 3919”

  1. The total adult population (15 years or older) of Crib Point 3919 VIC is 2,686, with a median age of 39. Of those, 40.02% are married, 16.60% are divorced or separated, 39.61% are single and 4.13% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,260. The median monthly mortgage repayment for households in this suburb is $1,603 which is 22.08% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of CRIB POINT 3919, located in Victoria, is home to approximately 1849 households. As the property market data for Q3 2023 shows, this suburb presents an attractive investment opportunity.

    The typical price for houses in CRIB POINT 3919 is around $691,282 with a median weekly rental rate of $501. This results in an indicative yield of approximately 3.77%, which meets the minimum attractive market requirement of 3% for cashflow-centered property investors.

    The area reflects a robust socio-economic standing with an IRSAD score of 940 out of a possible 1217. This signifies a strong socio-economic status characterised by good access to economic resources and relatively high income levels. The suburb presents a healthy property market balance with a renter to owner ratio of 18%, well below the 30% threshold, signifying the predominance of owner-occupiers over tenants in the suburb.

    The units to houses ratio is a favourable 27%, meaning there is less competition among landlords for tenants, allowing the potential for higher rental yields and longer tenancy periods.

    However, the suburb’s affordability index is somewhat of a concern, standing at 37 years. A measure exceeding 30 years may indicate decreased affordability and longer times necessary to fully own a property in the area.

    On the supply side, the stock on market Percentage sits at 0.59% and the inventory level for houses is calculated at 2.35 months, both within neutral range, indicating a relatively balanced market. The building approvals Ratio of 0.13% suggests a very limited supply of new housing stock which could favour property investors.

    The demand side shows positive signs as well with an average of 25 days on market for houses and a low vacancy rate of 0.88% which indicates high demand with relatively low supply. This may create rental competition among prospective tenants hence potentially pushing rents up.

    Lastly, with a Buy and Rent Search Index at the state average of 5, the suburb appears to have steady demand.

    In summary, while some metrics such as the affordability index are less favourable, the majority present as favourable, making CRIB POINT 3919 an investment-worthy location in Australian property market. Property investors should always explore all relevant market statistics and stay abreast of current trends.

    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.

Leave a comment