Craigburn Farm is a smaller suburb in South Australia within the Mitcham local government area (postcode 5051). With a population of 3,099, the suburb has an established demographic with a median age of 41. Households earn a median income of $153K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Craigburn Farm is $1.5 million, having surged 17.4% over the past year. The current median weekly rent is $770. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,383.
Public transport access includes 8 bus stops. The crime rate in the Mitcham LGA is low at 1,065 incidents per 100,000 population.
From an investment perspective, Craigburn Farm offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +17.4% year-on-year.
Craigburn Farm is a smaller suburb in South Australia within the Mitcham local government area (postcode 5051). With a population of 3,099, the suburb has an established demographic with a median age of 41. Households earn a median income of $153K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Craigburn Farm is $1.5 million, having surged 17.4% over the past year. The current median weekly rent is $770. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,383.
Public transport access includes 8 bus stops. The crime rate in the Mitcham LGA is low at 1,065 incidents per 100,000 population.
From an investment perspective, Craigburn Farm offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +17.4% year-on-year.