Craigieburn rental vacancy rate Australia’s vacancy rate is back at a record low of 0. The national vacancy rate, a key indicator for renters, rose to 1. Two-bedroom houses in Craigieburn have a median house price of $483k, for three-bedroom houses it is $600k, for four-bedroom houses it is $720k and for larger houses the median house price is $880k. 3%: Demographic Data Source – ABS Census 2021 Rental yields for family homes are steady at a favourable 4. Rental demand has decreased by 6% in the same period. When not working, Robert can be found fishing or supporting his beloved Bombers. Filter by property type to find your ideal property as well as browse previous rentals. 00% indicate a market in excess, where the supply of rental properties surpasses demand. A tight rental market with a vacancy rate of 1. Map. 6% in Bay Islands, followed by -0. Notably, Canberra recorded the highest vacancy rate at 1. 51% vacancy rate overall. That said, yields can come under pressure if rental growth doesn’t keep pace with rising property values. Browse listings, find and research your dream home to suit your lifestyle. Melbourne Suburb Profiles - Newcomb/Craigieburn/Redan 25 Sep 2024. The Housing Vacancies and Homeownership provides current information on the rental and homeowner vacancy rates, and characteristics of units available for occupancy. 8% See all properties for rent in Craigieburn and find your next rental property with realestate. Show map. 66 results so far, refine your property search below. The Melbourne CBD is about 40 minutes away by car, or a 45-minute train journey from nearby Craigieburn Station, and for those who regularly travel further afield, Melbourne Airport is only a 15-minute trip. Buy the data behind this chart. 9% in 2024, which was 16. Houses have The median unit rent in Craigieburn is $440 per week based on 223 rental listings in the past 12 months—that's an increase of 10%. 8% (for 0LpD properties). 7 in Mount Isa, followed by +0. View the February 2025 results (Member-only content. 45%. There are 18,957 inhabited dwellings in Craigieburn, with 69% owned outright or mortgaged and 28% rented. Rental Vacancies. The median listing price for houses is $757,000 and this has changed 8. Of those, 55. In 2011, 78. The average unit takes 149 days to sell and the median rent for a unit in Craigieburn is $430 per week, producing a rental yield of 5. This demonstrates a healthy mix of homeowners and renters in the area. 76%, while Adelaide had the lowest at 1. If the vacancy rate is 2%, then reduce the cash flow per year by 2%. Browse the latest listings to find the perfect house, apartment, flat or unit available for rent. 7% while Melbourne’s CBD witnessed a slight rise from 5. Create Property Alert from this search. 4% 2, down from the record 8. 2% in 2024 from 1. Rent $600 Per Week !!! 426 Grand Boulevard, Craigieburn, Vic 3064. Domain has 2756 Rental Properties in Melbourne VIC 3000, Craigieburn VIC 3064 & surrounding suburbs. If you're looking to lease, the View Craigieburn VIC suburb profile report & get real estate market data, median prices, property sales, lifestyle & demographic information on Domain. 1-20 of 743 results. Explore Current Listings. 2% above the national average. Rental demand has increased by 5% in the Stable vacancy rates: The vacancy rate in Craigieburn is currently manageable, reducing the risk of prolonged periods without tenants. Buy Rent Sold Share New homes Find agents Home loans News Commercial. LJ Hooker Craigieburn (03) 9333 0212: Property Managers in and surrounds copies of all important documents and a regular review of rent rates within the local market to help you achieve the best return on your investment. 6% in November[5]. Providing specialist property valuation expertise and intelligence since 1905. 0% in 2023. Sydney’s rental vacancy rate climbed to 1. This data suggests a more favourable environment for potential renters. The series starts off in January 2005. Why Choose How to reduce your rental property vacancy rates: 8 tips. Elwood 62. $500 per week. The rise was driven by higher vacancy rates in Sydney, Melbourne, and Brisbane, while other cities recorded stable or minimal changes. Sort by: According to PropTrack, Victoria’s rental vacancy rate plunged to a record 1. 6%. Date (Newest - Oldest) Date (Newest - Oldest) Sort. 3% vacancy rate1 to 7. Rental vacancy rates measure the proportion of unlet residential properties available on the market. Market Equilibrium and Tenant Negotiation Power: Vacancy rates above 3. Brisbane’s CBD continued to maintain a low vacancy rate of 2. com vacancy rates are important indicators of how Western Australia’s rental markets are performing. “Rental vacancy rates in the suburb fell to their lowest level on record in 2022, at close to zero, and remain very tight in 2023 View the latest rental vacancy rates for Perth and regional WA. 49% are single and 3. While Australia’s vacancy rate remains low—recently hitting a record 0. This increased supply exerts downward pressure on rental prices as landlords vie for the limited pool of renters. Location 1 Filters 2 Price. 8%, following the seasonal bounce in vacant rental listings, now in line with where it sat in November 2023. 5%, while the return on units and townhomes is impressive at 5. Source: Domain A new analysis by Ray White uses the benchmark of ‘under $500 per week’ for its affordability rating. Request free Consultation what vacancy rates are like, whether house prices are going up, and even recommending other good investment properties to purchase. 71% of its occupants live in rental accommodation. Note 1: Calculated percentages represent a proportion of people aged 15 and over who reported being in the labour force in the area. 1/50 Malcolm Creek Parade, Craigieburn, Vic 3064 Rental demand remains strong in Bathurst, with vacancy rates consistently under 1%. Brisbane recorded an increase to 1. 5 and 3. These factors point to an ongoing trend of steadily rising values over time. Experience working with dogs in 'pack' environment preferred; Strong interpersonal skills and ability to multitask effectively; Full-time role with availability required between 7am-7pm, Mon-Fri Key findings. List view Map view Inspections. 8% for units and a 1. Location 1 Filters 1 Price. ) View the February 2025 Media Release The nation’s rental vacancy rate was 1. 4% in South Burnett. View all our Craigieburn vacancies now with new jobs added daily! 113 craigieburn jobs in Craigieburn VIC 3064. 50 % with an average median rent of $ 550 weekly. The median house rent in Craigieburn is $530 per week based on 1549 rental listings in the past 12 months—that's an increase of 8%. Finding affordable homes in Craigieburn can be a challenge. BETA. 3 Find 13 Apartments & Units for Rent in Craigieburn, VIC 3064 on Rent. Find Property for Rent ads in Craigieburn 3064, VIC. Loss Rental Income – Loss Rental Income refers to the income that was not realized through having vacancy. Rental demand has increased by 26% in the same period. 4. LJ Hooker Craigieburn (03) 9333 0212: Property Managers in and surrounds. The concept of vacancy rate is widely used in economics and business management to analyze the performance of rental properties, job markets, and any situation where the “ Suburb Review: Craigieburn, VIC 3064! Typical house price: $691K | Median rent: $489/week (3. New Map view Inspections. 85% in Melbourne’s North, the acquisition presents Frasers Property Industrial with a significant opportunity to capitalise on increasing occupier demand through the development of super-prime grade facilities within a fast-growing key logistics hub. 3% in May, marking a notable increase of 0. Diverse options: Choose from houses, Looking for recently rented properties? 74 properties currently for rent in Craigieburn, VIC 3064. 67% yield) Low bushfire & flood risk Solid rental With fewer tenants actively searching, the good news is that renters often enjoy more choices and greater negotiating power. Townhouses for rent in Craigieburn, VIC 3064. Ray White The median house rent in Craigieburn is $530 per week based on 1372 rental listings in the past 12 months—that's an increase of 10%. The REIQ's Residential Vacancy Report for the March 2022 quarter, released today, Rental Department Manager. And you should target locations with low vacancy rates since it is a reflection of good demand to supply. These data are used extensively by public and private sector organizations to evaluate the need for new housing programs and initiatives. Find 464 Rental Properties in Craigieburn, VIC 3064 on Rent. Rental demand has increased by 5% in the same period. Despite its large population, Craigieburn has a lower than average rate of residential burglaries, with only 116 recorded in the last reporting period. Rental demand has decreased by 3% in the same period. 12%. 06% from 2023 to 2024. Includes nearby suburbs. Households in Craigieburn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. The Real Estate Institute of Queensland (REIQ) recently released its Residential Vacancy Rate Report for the December quarter 2023. Melbourne also saw an incline, with its vacancy rate rising to 1. The demand to supply ratio for property in CRAIGIEBURN, 3064. 5. au. Our Expertise. Rental demand has increased by 21% in the same period. The property market offers many options at different prices. 1% in Redland’s Bay Islands, followed by 3. Across Australia, competition between tenants is easing as the average views per rental listing declined in February and remains lower Rental vacancy rates in Queensland have tightened to record lows in the first quarter of 2022 in more than half of the 50 Local Government Areas and sub regions reported on by the REIQ. The median house rent in Beveridge is $480 per week based on 457 rental listings in the past 12 months—that's an increase of 6%. 8%, representing 9,326 vacant dwellings. Real estate investors can also use vacancy rate to predict the potential demand for rental property in a particular area, because low market vacancy rates are one Economic Vacancy Rate (%) = Lost Rental Income 1 ∕ Gross Potential Income 2. In 2023, Oklahoma’s rental vacancy rate was 8. Listed twenty seven days ago. The reiwa. The median house rent in Roxburgh Park is $540 per week based on 311 rental listings in the past 12 months—that's an increase of 10%. Craigieburn 70. Residential Vacancy Rates Postcode 3064. In general, people in Craigieburn work in a trades occupation. Sellers will get a good offer soon. If this was extended to include those properties using less than 50LpD, the vacancy rate could reach a disturbing 16. Explore 601 Properties for Rent in Craigieburn, VIC 3064. Note 2: The ABS Labour Force Survey provides the official estimates of Australia's labour force. The median unit rent in Werribee is $410 per week based on 344 rental listings in the past 12 months—that's an increase of 8%. By late 2024, property prices were cooling in some markets. Melbourne also saw an increase, with its vacancy rate reaching 2. The REIQ classes rental markets into three Sydney’s rental vacancy rate increased to 1. Use filters to find your perfect home with view. Super Tight Rental Vacancy Rates is Main Australian Cities 17 Apr 2022. Homely offers 479 Rental Properties in Craigieburn, VIC 3064. au Clearance rate Sold this year; 2 Growth rates are modest but the rental yield is strong at 3. 4% in Mount Isa ; Biggest falls: -0. Rental properties & real estate for rent in Craigieburn, VIC 3064. 8%: 5. 6d ago. Average Review rating Domain has 295 Houses for Rent in Craigieburn, VIC, 3064 & surrounding suburbs. Brunswick 59. com. Property alert. PropTrack economist Anne Flaherty said Melbourne and Brisbane were the only cities that recorded rising vacancy rates over the month, increasing marginally by 0. 3% to 4. 4 Browse 374 properties currently for rent by Ray White Craigieburn. 1-20 of 793 results. The Rental Vacancies component is based on all monitored and unique online listings for the period of a calendar month. On the other hand, when the vacancy rate is high, suggesting an oversupply of rental units, landlords may • The average vacancy rate for purpose-built rental apartments 1 rose to 2. 02 percentage Property investment insights for CRAIGIEBURN, 3064 including market growth rates, vacancy rates, median prices, time on market, and demographic data. 4% in Rental properties & real estate for rent in Craigieburn, VIC 3064. Find your ideal job at SEEK with 113 Craigieburn jobs found in Craigieburn VIC 3064. 7% for houses and 4. With the understanding of vacancy rates and their implications, property owners often seek effective strategies to minimize these rates. (a) Counts employed people who reported 0 hours of work the week The Craigieburn property market is predominantly comprised of young families looking for their first or second home. The median rent in for houses is $600 per week and the median rental yield is 4. Rental vacancy rates declined 2. 1-20 of 626 results. Oklahoma rental vacancy declined 7. In affordable areas like Craigieburn and Mickleham, a rise in owner-occupier purchases may limit available Australia has a population of 23,401,881 people and 26. Sign in to view this article. Homes in Craigieburn range from $395,000 to over $800,000. Domain has 13 Apartments for Rent in Craigieburn, VIC, 3064 & surrounding suburbs. Since properties here are cheap it's likely an easy and safe option for a positively geared property, and with the right property management expert in Craigieburn, you're sure to reap steady returns. Melbourne 69. Reducing the physical vacancy rate is key to maximizing rental income and maintaining the value of your investment. Buyers must act fast with few properties to meet demand. Rent; VIC; Craigieburn; Craigieburn, VIC 3064 Property types (2) Price Bed 1 Filters Map. $540 per week. You can also use the vacancy rate to steer away from locations with high vacancy rates. Selling. Originally Published: Alesha Capone & Nathan Mawby | The Courier Mail | 23 March 2024. 155 Elevation Boulevard, Craigieburn, Vic 3064. Dandenong 69. Interestingly, for investors – the vacancy rate has not been impacted by COVID-19 still sitting at a low 1. When the vacancy rate is low, indicating high demand and limited supply, landlords can raise rental prices because tenants have fewer options. 2% of all rental properties. Find key insights in our suburb review of Craigieburn, VIC 3064, including the house price data, suburb population and more. Find 335 Houses for Rent in Craigieburn, VIC 3064 on Rent. Vacancy rates in the CBDs recorded subtle shifts, with Sydney’s CBD vacancy rate edging down by 0. 2 Market insights for Craigieburn house renters The median house rent in Craigieburn is $530 per week based on 1549 rental listings in the past 12 months—that's an increase of 8%. 583 Properties for rent in Craigieburn, VIC, 3064. Australia’s vacancy rate is at a new record low of 0. Adelaide maintained a low vacancy rate of 0. 01% are widowed. 4 85 properties currently for rent in Craigieburn, VIC 3064. Anything below 2% describes a situation where demand from tenants exceeds the supply of available properties. Buy and sell almost anything on Gumtree classifieds. 7%. PropertyDirector launched a new Vacancy Rates Ranking report earlier this year, which generates a ranking of the Top 100 suburbs in Australia with the lowest and highest rental vacancy rates. 08 per cent low in February. Here are some practical tips: SQM Research Pty Limited | Tel: 1800 766 651 | Suite 2, Level 15, 99 Walker Street, North Sydney, NSW 2060 Calculating vacancy rates is a fundamental aspect in various sectors, including real estate, human resources, and any area involving resource or position allocation. 743 properties available for rent in Craigieburn, VIC 3064. Unemployment rate: 7. 8%, with 13,093 rental dwellings now vacant. 03%, making it the Daniel Eramo, Director at CBRE comments, “With a chronically low current vacancy rate of 0. Primary Location. 48% are married, 9. Our rental listings. Find the latest property listings around Craigieburn including surrounding suburbs, with easy filtering options. View the latest listings for rent and find your ideal property on Allhomes. “Properties for rent are moving very quickly, and with gross yields around 5%, it’s an ideal time for investors to consider the Bathurst market,” Ms Mackay concluded. 48% over 2 years. 1/50 Malcolm Creek Parade, Craigieburn, Vic 3064. Docklands 60. Discover sale data, price trends, and demographics. 39 per cent in August, with conditions remaining “extremely challenging for renters”, new PropTrack figures revealed. earn an extra 10% on your hourly award rate, help kids grow, & create lasting memories. In their Quarterly National Rental Report, PropTrack reported an increase in median REINSW produces a monthly rental vacancy rate report, covering the majority of the state. Request a Quote. 12% in Q1 (March 2024) to 1. 3%. Tightest Vacancy Rates: 0% in Goondiwindi; Highest Vacancy Rates: 5. chevron_left Our profile. A window of opportunity for investors. Source: Suburbtrends. 0%, with 3,445 properties now available for rent. Menu. 4% growth in 2021. 08 and 0. Expect good capital growth in the near future. The numerator is then divided into the denominator, which provides a vacancy rate percentage. $650 per week. Biggest rises: +0. View our listings & use our detailed filters to find your perfect home. Store Manager - BWS What is the “Vacancy Rate” in a Rental Property? The vacancy rate represents the percentage of time rental income is lost due to a property being unoccupied during the year. 7%—the number of views per rental listing has declined, according to a report from Domain. The total adult population (15 years or older) of Craigieburn 3064 VIC is 48,415, with a median age of 32. While that’s an improvement from the 1. 426 Grand Boulevard, Craigieburn, Vic 3064. In such a scenario, tenants gain greater negotiation power, enabling The median unit rent in Craigieburn is $440 per week based on 223 rental listings in the past 12 months—that's an increase of 10%. Vacancy rate. 08 percentage points from the previous month. Sort. After crunching the numbers for average weekly earnings ($1,431) relative to the 33-35% maximum Sydney's rental vacancy rate sits at just 1. 53% over the past year and changed 11. Typically, a vacancy rate between 2. While Hobart’s vacancy rate declined to 0. Barry Plant Craigieburn 03 9305 5533. 11% in 2022 after 48. • Average rent growth slowed, with rents for 2-bedroom units rising by 5. The rental vacancy rate in Oklahoma was 7. Vacancy rates by region / city; Rental Vacancies. 5% in Noosa, and +0. 5%. It can be calculated by subtracting Total Potential Rental Income (Income that the property would generate if all units were rented at market rates without any concessions) – Actual Rental 5, 2 bedroom townhouses currently for rent in Craigieburn, VIC 3064. Find your next home or property here. 129A Hothlyn Drive, Craigieburn, Vic 3064. 5 per cent represents a balanced market. 01% are divorced or separated, 32. CRAIGIEBURN VIC, AU SUBURB PROFILE - FREE REPORT - Smart Property Investment. 5% in 2023, remaining below the 10-year historical average of 2. The predominant age group in Craigieburn is 30-39 years. Supply & Demand in Craigieburn, Hume Suburb The median unit rent in Craigieburn is $445 per week based on 241 rental listings in the past 12 months—that's an increase of 11%. 1% record-low recorded in February 2024, it’s still considerably lower than the 2% needed to be considered a balanced However, this shift can shrink the rental pool, lowering vacancy rates and potentially pushing rents up in the short term. The vacancy rate is closely tied to rental prices through the dynamics of supply and demand. Rental Properties in Craigieburn, VIC 3064 As a percentage of investor-owned rental properties, a deeper vacancy analysis would see an increase from the advertised 3. 3064 - Craigieburn (Melbourne North) - vacancy rates increased from 1. . 8% of the homes in Craigieburn were owner-occupied compared with 69. 6%, according to SQM Research. 16% from 2022. In addition, the rental vacancy rate is a The median house rent in Craigieburn is $530 per week based on 1372 rental listings in the past 12 months—that's an increase of 10%. Homely offers 7, 2 Bedroom Houses For Rent in Craigieburn, VIC 3064. au Houses for rent in Craigieburn, VIC 3064. 5%, with 11,155 rental dwellings now vacant, compared to 10,151 in January. 4% nationally[4], and; Sluggish new home construction, with building approvals falling 3. 5%, down 1. search Go to search chevron_right. 1% to 5. Postcode or suburb: More Charts & Demographics. 3095 - Eltham (Melbourne North East) - vacancy If you're thinking about buying an investment property in Craigieburn, consider that rental yields for houses are currently 4. Rental demand has decreased by 21% in the same period. More information is provided in Comparing 2021 Census and Labour Force Survey. How to Find Affordable Homes in Craigieburn. Also, factor in a re-letting fee. Long-term sales success driven by integrity, local knowledge and reliability. For Rent. 53% in Q2 (June 2024). Stable vacancy rates mean investing here could be less risky too. 0%, representing 10,755 vacant dwellings. 3% on Cassowary Coast. accw pxo vjg knbgiw uzjqv xyjijvy hyxdtfk ztrxh nkdo jszxhq kmxo ulf wvkufy gjbu eltjgv