Located in Victoria within the Hume local government area, Craigieburn is one of the state’s more populous suburbs (postcode 3064). The area has roughly 65,178 residents and a blend of families and working-age professionals, with a median age of 32. Households earn a median income of $93K per year, with an average household size of 3.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Indian.
Median house prices in Craigieburn stand at $670,000, having ticked up by 1.5% over the last twelve months. Units have a median price of $439,000 (-0.5% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,850.
Craigieburn is served by 13 schools, including 9 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 986, which is around the national average of 1,000. Public transport access includes 8 rail stations, 193 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
On the investment side, Craigieburn shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices are near the state median ($670K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved +1.5% year-on-year. Population growth of +3.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.