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Craigieburn, VIC 3064
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$720,000
market range $700K-$775K
Median Unit
$480,000
market range $450K-$525K
Gross Yield (units)
5.0%
1yr Growth (houses)
+5.2%
market range -2.5% to +10.0%
Investment snapshot for Craigieburn
Craigieburn has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Craigieburn market and investor summary
Craigieburn (VIC 3064) runs a median house price of $720K. House prices have moved +5.2% over the past year and +11.0% over three years. At 2.3% vacancy, it is a broadly balanced rental market.
Living in Craigieburn: people, income and schools
About 65,178 people live in Craigieburn, and the area has been growing steadily, up about 35% over five years. The median age is 32, broadly working-age, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $93,000 a year, or roughly $1,800 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to about 7.7 times local household income, in line with much of metropolitan Australia. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 24 schools within about 5km, testing below the national school average on ICSEA. It is roughly 24 km from the CBD. It is fairly car-dependent; the suburb scores 40 for walkability and 97 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 65,178
- +35% over 5yr
- Median age
- 32 years
- Median household income
- $93,000/yr
- Households renting
- 28%
- Family households
- 56%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 24
- avg ICSEA 949
- Unemployment
- 6.5%
- Distance to CBD
- 24 km
- Walk score
- 40/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Craigieburn
View all →Frequently asked questions about Craigieburn
What should I check before investing in Craigieburn?
Craigieburn has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +5.2% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Craigieburn?
The median property price in Craigieburn, VIC 3064 is $720K for houses and $480K for units.
What rental yield does Craigieburn show?
The gross rental yield in Craigieburn is 5.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Craigieburn?
House prices in Craigieburn are up 5.2% over the past year and up 11.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Craigieburn?
The current vacancy rate in Craigieburn is 2.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Craigieburn?
Craigieburn has a population of approximately 65,178 residents, with a median age of 32.
What schools are near Craigieburn?
There are 24 schools within roughly 5km of Craigieburn. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Craigieburn affordable to buy in?
A median house in Craigieburn costs about 7.7 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Craigieburn's population growing?
The population of Craigieburn has grown about 35% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Craigieburn from the CBD?
Craigieburn is about 24 km from the CBD.
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