craigieburn

3064, Victoria

Real Estate & Property Information

Median
Price Rank
415

craigieburn Suburb Profile & Review

Craigieburn is a fast growing suburb characterised by its urban estates and vast native grasslands. The area has nine schools, including Craigieburn Primary School and Craigieburn Secondary College, and numerous childcare centres, making it a hotspot for young families. From Highgate Recreation Reserve, the second home to the Richmond Tigers, to the Craigieburn Leisure Centre, with its indoor swimming pool, cardio theatre and multi-purpose ball courts, Craigieburn is a fantastic spot for sports and recreation.

Public transport services are first-rate. A modern premium train station offers regular services to regional centres such as Shepparton and Seymour and metropolitan services to Flinders Street. A thirty-five minute drive along the Hume will take you to the city centre, while the Craigieburn Bypass Trail offers a scenic cycling route along the Craigieburn, Cooper Street and Galada Tamboore grasslands.

At Craigieburn Shopping Plaza you will find supermarkets, banks, bakeries and fashion outlets. As the centre of significant future development, the area promises a revamped Craigieburn Town Centre which will turn Craigieburn into a key shopping precinct come 2013.

craigieburn Demographic Data

$ 360,000 Median House Price

34 Minutes Average Commute

30 Median Age

32,757 Population

50.18 % Female

49.82 % Male

8894 NO OF FAMILIES

2.0 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in craigieburn, Victoria.

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craigieburn Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

craigieburn Median House Prices

  • 2008 $ 265,000
  • 2009 $ 280,000
  • 2010 $ 327,000
  • 2011 $ 365,000
  • 2012 $ 360,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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craigieburn 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in craigieburn have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term craigieburn property price predictions.

craigieburn Market Property Types

  • 94 % Seperate House
  • 5 % Semi Detached
  • 1 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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craigieburn Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

craigieburn Income & Mortgage Stats

  • $ 1,388 Median Weekly Household Income
  • $ 1,870 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in craigieburn

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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craigieburn Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

craigieburn Sold Property Prices

craigieburn Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

craigieburn Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

craigieburn Restaurants

  • Wild Mint Thai CuisineShop 2, 1-9 Mareeba Way craigieburn VIC 306403 9333 7888
  • Punjabi Curry Cafe 271 Hamilton St craigieburn VIC 306403 9333 7367
  • Lago FinoShop 1, 1 - 9 Mareeba Way craigieburn VIC 306403 9333 8233

craigieburn Cafes

  • Waterside Cafe1 North Shore Drivecraigieburn VIC 306403 9333 8918
  • Grand Boulevarde General Store Cafe Deli27 Princess Circuitcraigieburn VIC 306403 9333 8966
  • Degani Bakery CafeShop 20, 300 Grand Boulevardcraigieburn VIC 306403 9333 0162

craigieburn Schools

  • Our Ladys Primary SchoolCraigieburn Rdcraigieburn VIC 3064(03) 9308 2011Catholic Primary School
  • Mother Theresa Primary School5Ð 15 Windrock Avenuecraigieburn VIC 3064(03) 9333 0814Catholic Primary School
  • Aitken Creek Primary School51-81 Grevillea StreetÊÊcraigieburn VIC 3064(03) 8338 3700State Primary School

craigieburn Childcare

  • ABC Learning Centre130 Dorchester Stcraigieburn VIC 3064
  • Pelican Child Care Centre100 Fairways Bvdcraigieburn VIC 3064
  • Craigieburn Child & Family CareCleveland Drcraigieburn VIC 3064

craigieburn Kindergarten and Preschools

  • Bank Street Pre-School26 Bank Streetcraigieburn VIC 3064
  • Malcolm Creek87-91 Grand Bvdcraigieburn VIC 3064
  • Mitford Crescent Kindergarten14 Mitford Crescentcraigieburn VIC 3064

craigieburn Sporting Centres and Clubs

  • Victor Ian Foster Reservecraigieburn VIC 3064Athletics Club
  • Little Athletics Centres, Victor Ian Foster Res.craigieburn VIC 3064Athletics Club
  • Craigieburncraigieburn VIC 3064Tennis Club & Courts

craigieburn Retirement Villages

  • Highlandscraigieburn VIC 3064

Find out How Much your House is Worth in craigieburn

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