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Suburb Insights ยท VIC 3064

Craigieburn 3064, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Craigieburn is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 65,178, making it a significant urban area. Located approximately 25 km from the Melbourne CBD, Craigieburn is a middle ring area in Victoria. The median household income is $93,496 AUD per year (ABS 2021 Census).

Investment Score

73 / 100 Good

Craigieburn benefits from a high-income resident base, supporting premium property pricing.

Location

Map shows Craigieburn, Victoria, Australia.

Key Indicators

Postcode
3064

Official Australia Post postcode for Craigieburn. A postcode may cover multiple suburbs.

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Population
65,178

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$380/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$93,496/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
25 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
16

Estimated 16 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
26

Estimated 26 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,850/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
85% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Craigieburn's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $380/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,850/month. The median household income of $93,496/year reflects a solid demographic, supporting sustainable rental demand. 85% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Craigieburn is a natural candidate for patient investors.

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Rental Yield

Craigieburn can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Older housing stock in Craigieburn combined with strong buyer demand creates solid renovation upside.

Risk Factors

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Full Property Analysis

30-year projections for Craigieburn

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

Craigieburn is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Rental demand remains robust, with low vacancy rates and growing tenant pools keeping yields competitive. Confidence in Craigieburn's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Craigieburn a good suburb for investment?

Craigieburn is a middle ring area in Victoria with a population of 65,178. The median rent is $380/week and the median household income is $93,496/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Craigieburn?

Key demand drivers in Craigieburn include established amenities and transport access. 85% of dwellings are separate houses. The area has approximately 16 schools and 26 parks nearby.

What is the population of Craigieburn?

According to the ABS 2021 Census, Craigieburn has a population of approximately 65,178. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Craigieburn from the Melbourne CBD?

Craigieburn is approximately 25 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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