Crib Point is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3919). With a population of 3,343, the suburb has an established demographic with a median age of 39. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Crib Point is $745,000, having dipped slightly 1.3% over the past year. Units have a median price of $560,000 (+4.7% YoY). The median weekly rent is $340 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,603.
Crib Point is served by 2 schools, including 2 primary. The average ICSEA score is 1008, which is around the national average of 1,000. Public transport access includes 6 rail stations, 7 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Crib Point offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($745K/$875K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -1.3% year-on-year.
Crib Point is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3919). With a population of 3,343, the suburb has an established demographic with a median age of 39. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Crib Point is $745,000, having dipped slightly 1.3% over the past year. Units have a median price of $560,000 (+4.7% YoY). The median weekly rent is $340 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,603.
Crib Point is served by 2 schools, including 2 primary. The average ICSEA score is 1008, which is around the national average of 1,000. Public transport access includes 6 rail stations, 7 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Crib Point offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($745K/$875K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -1.3% year-on-year.