Located only 25km from Melbourne's CBD, Craigieburn provides a range of amenities including good schools, shopping facilities, parks and other community areas. It's a great option for families and those wishing to live a suburban lifestyle while have excellent and easy access to Melbourne city.
While rental yields are solid, it would be worthwhile being aware of the vacancy rate - although vacancies aren't necessarily indicating a large oversupply of rental stock, the area does provide more rental stock options than other areas.
Finally, as noted by the 'negative' vendor discount rate below, properties are selling at a large premium of 17%+ above house list prices, indicating significant buyers interest in the area.
We've summarised key suburb analytics for Craigieburn below for your consideration. Want these great suburb analysis tools at your fingertips for over 15,000 suburbs in Australia? Register to our Professional plan now here for $49 per month - https://www.propertydirector.com.au/choose-plan.
Median Price / Capital Growth - $685,000, has seen 5.45% annual compound growth in the last 10 years.
Rental Yield - 4.09%
Population - 65,166
Vacancy Rate - 2.97%
Vendor Discount Rate - -17.19%
