Bell Park vs Craigieburn
Property investment comparison - Bell Park, VIC 3215 vs Craigieburn, VIC 3064
Head-to-head across core investment metrics: Bell Park wins 2, Craigieburn wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Bell Park | Craigieburn |
|---|---|---|
| Median house price | $720K | $720K |
| Median unit price | $550K | $480K |
| Gross rental yield (houses) | 3.61% | - |
| Gross rental yield (units) | 4.39% | 5.04% |
| 1-year house growth | +10.9% | +5.2% |
| 3-year house growth | +18.0% | +11.0% |
| Vacancy rate | 2.5% | 2.3% |
| Population | 5,602 | 65,178 |
Bell Park vs Craigieburn: what the numbers say
Houses cost about the same in both suburbs: the median house price is $720K in Bell Park and $720K in Craigieburn.
For units, Bell Park sits at a median of $550K against $480K in Craigieburn, which makes Craigieburn the more affordable unit market and Bell Park the pricier one.
Over the past year house prices moved +10.9% in Bell Park and +5.2% in Craigieburn, so recent momentum favours Bell Park, although both suburbs recorded growth.
Looking back three years, Bell Park houses are +18.0% and Craigieburn houses +11.0%, so Bell Park has compounded faster than Craigieburn over the longer window.
Rental vacancy is 2.3% in Craigieburn and 2.5% in Bell Park, so landlords in Craigieburn face less competition for tenants.
Craigieburn is the bigger suburb, with a population of 65,178 against 5,602, roughly 12 times the size of Bell Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bell Park for recent price momentum, Craigieburn for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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