Craigieburn rental vacancy rate 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%. 45%. Explore Current Listings. 4. au Houses for rent in Craigieburn, VIC 3064. 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 REIQ classes rental markets into three Sydney’s rental vacancy rate increased to 1. 3%: Demographic Data Source – ABS Census 2021 Rental yields for family homes are steady at a favourable 4. 6% in Bay Islands, followed by -0. Use filters to find your perfect home with view. 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. 5%. Barry Plant Craigieburn 03 9305 5533. Providing specialist property valuation expertise and intelligence since 1905. “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. 3%. 12% in Q1 (March 2024) to 1. 1-20 of 743 results. The rental vacancy rate in Oklahoma was 7. The vacancy rate is closely tied to rental prices through the dynamics of supply and demand. BETA. Selling. The Housing Vacancies and Homeownership provides current information on the rental and homeowner vacancy rates, and characteristics of units available for occupancy. Create Property Alert from this search. 5%, while the return on units and townhomes is impressive at 5. 66 results so far, refine your property search below. 7%. 08 percentage points from the previous month. Townhouses for rent in Craigieburn, VIC 3064. PropTrack economist Anne Flaherty said Melbourne and Brisbane were the only cities that recorded rising vacancy rates over the month, increasing marginally by 0. 08 per cent low in February. Rent; VIC; Craigieburn; Craigieburn, VIC 3064 Property types (2) Price Bed 1 Filters Map. Melbourne 69. Our rental listings. Find the latest property listings around Craigieburn including surrounding suburbs, with easy filtering options. Melbourne Suburb Profiles - Newcomb/Craigieburn/Redan 25 Sep 2024. 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%. The total adult population (15 years or older) of Craigieburn 3064 VIC is 48,415, with a median age of 32. 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. 5%, down 1. Postcode or suburb: More Charts & Demographics. Melbourne also saw an incline, with its vacancy rate rising to 1. Residential Vacancy Rates Postcode 3064. Note 1: Calculated percentages represent a proportion of people aged 15 and over who reported being in the labour force in the area. Elwood 62. The predominant age group in Craigieburn is 30-39 years. $500 per week. 7% while Melbourne’s CBD witnessed a slight rise from 5. 6% in November[5]. Notably, Canberra recorded the highest vacancy rate at 1. Rental demand has increased by 5% in the same period. 53% in Q2 (June 2024). (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 national vacancy rate, a key indicator for renters, rose to 1. 02 percentage Property investment insights for CRAIGIEBURN, 3064 including market growth rates, vacancy rates, median prices, time on market, and demographic data. Homely offers 7, 2 Bedroom Houses For Rent in Craigieburn, VIC 3064. The rise was driven by higher vacancy rates in Sydney, Melbourne, and Brisbane, while other cities recorded stable or minimal changes. Primary Location. Market Equilibrium and Tenant Negotiation Power: Vacancy rates above 3. Brisbane recorded an increase to 1. Unemployment rate: 7. Buy Rent Sold Share New homes Find agents Home loans News Commercial. 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%. 5%, with 11,155 rental dwellings now vacant, compared to 10,151 in January. 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. 49% are single and 3. The REIQ's Residential Vacancy Report for the March 2022 quarter, released today, Rental Department Manager. Request a Quote. In 2011, 78. Rental properties & real estate for rent in Craigieburn, VIC 3064. Find 464 Rental Properties in Craigieburn, VIC 3064 on Rent. 129A Hothlyn Drive, Craigieburn, Vic 3064. 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%. View the latest listings for rent and find your ideal property on Allhomes. This data suggests a more favourable environment for potential renters. When not working, Robert can be found fishing or supporting his beloved Bombers. A tight rental market with a vacancy rate of 1. 01% are divorced or separated, 32. When the vacancy rate is low, indicating high demand and limited supply, landlords can raise rental prices because tenants have fewer options. Stable vacancy rates mean investing here could be less risky too. A window of opportunity for investors. Filter by property type to find your ideal property as well as browse previous rentals. Rental demand has decreased by 21% in the same period. View the February 2025 results (Member-only content. 06% from 2023 to 2024. Property alert. 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%. 9% in 2024, which was 16. 48% over 2 years. Docklands 60. search Go to search chevron_right. The median rent in for houses is $600 per week and the median rental yield is 4. 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. 2% above the national average. 7%—the number of views per rental listing has declined, according to a report from Domain. Domain has 13 Apartments for Rent in Craigieburn, VIC, 3064 & surrounding suburbs. 6%. 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. Typically, a vacancy rate between 2. 5% in Noosa, and +0. By late 2024, property prices were cooling in some markets. 8%, representing 9,326 vacant dwellings. 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. 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%. 16% from 2022. 53% over the past year and changed 11. Australia’s vacancy rate is at a new record low of 0. This increased supply exerts downward pressure on rental prices as landlords vie for the limited pool of renters. 6%, according to SQM Research. Buy the data behind this chart. 8% See all properties for rent in Craigieburn and find your next rental property with realestate. 6d ago. CRAIGIEBURN VIC, AU SUBURB PROFILE - FREE REPORT - Smart Property Investment. The series starts off in January 2005. Oklahoma rental vacancy declined 7. Sellers will get a good offer soon. 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. Note 2: The ABS Labour Force Survey provides the official estimates of Australia's labour force. 3% on Cassowary Coast. Source: Domain A new analysis by Ray White uses the benchmark of ‘under $500 per week’ for its affordability rating. LJ Hooker Craigieburn (03) 9333 0212: Property Managers in and surrounds. Homely offers 479 Rental Properties in Craigieburn, VIC 3064. More information is provided in Comparing 2021 Census and Labour Force Survey. Originally Published: Alesha Capone & Nathan Mawby | The Courier Mail | 23 March 2024. Listed twenty seven days ago. Rental vacancy rates declined 2. 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%. Vacancy rates by region / city; Rental Vacancies. These data are used extensively by public and private sector organizations to evaluate the need for new housing programs and initiatives. $540 per week. Australia’s vacancy rate is back at a record low of 0. View all our Craigieburn vacancies now with new jobs added daily! 113 craigieburn jobs in Craigieburn VIC 3064. 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. Adelaide maintained a low vacancy rate of 0. 0%, representing 10,755 vacant dwellings. Find Property for Rent ads in Craigieburn 3064, VIC. 51% vacancy rate overall. Includes nearby suburbs. Melbourne also saw an increase, with its vacancy rate reaching 2. How to Find Affordable Homes in Craigieburn. 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. Location 1 Filters 2 Price. If this was extended to include those properties using less than 50LpD, the vacancy rate could reach a disturbing 16. Homes in Craigieburn range from $395,000 to over $800,000. Interestingly, for investors – the vacancy rate has not been impacted by COVID-19 still sitting at a low 1. Rental Vacancies. 00% indicate a market in excess, where the supply of rental properties surpasses demand. 0% in 2023. 03%, making it the Daniel Eramo, Director at CBRE comments, “With a chronically low current vacancy rate of 0. 1/50 Malcolm Creek Parade, Craigieburn, Vic 3064 Rental demand remains strong in Bathurst, with vacancy rates consistently under 1%. Source: Suburbtrends. Browse listings, find and research your dream home to suit your lifestyle. 1-20 of 793 results. com vacancy rates are important indicators of how Western Australia’s rental markets are performing. Menu. Diverse options: Choose from houses, Looking for recently rented properties? 74 properties currently for rent in Craigieburn, VIC 3064. Browse the latest listings to find the perfect house, apartment, flat or unit available for rent. Map. This demonstrates a healthy mix of homeowners and renters in the area. 50 % with an average median rent of $ 550 weekly. These factors point to an ongoing trend of steadily rising values over time. Sort. Our Expertise. If the vacancy rate is 2%, then reduce the cash flow per year by 2%. Buyers must act fast with few properties to meet demand. Why Choose How to reduce your rental property vacancy rates: 8 tips. 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. 8% of the homes in Craigieburn were owner-occupied compared with 69. In general, people in Craigieburn work in a trades occupation. There are 18,957 inhabited dwellings in Craigieburn, with 69% owned outright or mortgaged and 28% rented. Rental demand has increased by 21% in the same period. Households in Craigieburn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. 4% in Rental properties & real estate for rent in Craigieburn, VIC 3064. 1% in Redland’s Bay Islands, followed by 3. 426 Grand Boulevard, Craigieburn, Vic 3064. Discover sale data, price trends, and demographics. 2% in 2024 from 1. au Clearance rate Sold this year; 2 Growth rates are modest but the rental yield is strong at 3. au. Find key insights in our suburb review of Craigieburn, VIC 3064, including the house price data, suburb population and more. 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%. Finding affordable homes in Craigieburn can be a challenge. You can also use the vacancy rate to steer away from locations with high vacancy rates. 155 Elevation Boulevard, Craigieburn, Vic 3064. 0%, with 3,445 properties now available for rent. Date (Newest - Oldest) Date (Newest - Oldest) Sort. 39 per cent in August, with conditions remaining “extremely challenging for renters”, new PropTrack figures revealed. $650 per week. • Average rent growth slowed, with rents for 2-bedroom units rising by 5. 5 per cent represents a balanced market. 8% for units and a 1. In 2023, Oklahoma’s rental vacancy rate was 8. 3% vacancy rate1 to 7. 4% 2, down from the record 8. 11% in 2022 after 48. 3 Find 13 Apartments & Units for Rent in Craigieburn, VIC 3064 on Rent. 743 properties available for rent in Craigieburn, VIC 3064. 8% (for 0LpD properties). 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 and sell almost anything on Gumtree classifieds. 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. Also, factor in a re-letting fee. Brunswick 59. Rent $600 Per Week !!! 426 Grand Boulevard, Craigieburn, Vic 3064. While Hobart’s vacancy rate declined to 0. 48% are married, 9. Vacancy rate. 583 Properties for rent in Craigieburn, VIC, 3064. And you should target locations with low vacancy rates since it is a reflection of good demand to supply. Domain has 2756 Rental Properties in Melbourne VIC 3000, Craigieburn VIC 3064 & surrounding suburbs. Rental demand has decreased by 6% in the same period. Sydney’s rental vacancy rate climbed to 1. 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. The Real Estate Institute of Queensland (REIQ) recently released its Residential Vacancy Rate Report for the December quarter 2023. 08 and 0. 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. 12%. 4% in Mount Isa ; Biggest falls: -0. Find 335 Houses for Rent in Craigieburn, VIC 3064 on Rent. 8%, with 13,093 rental dwellings now vacant. While that’s an improvement from the 1. Despite its large population, Craigieburn has a lower than average rate of residential burglaries, with only 116 recorded in the last reporting period. 4% growth in 2021. 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. Average Review rating Domain has 295 Houses for Rent in Craigieburn, VIC, 3064 & surrounding suburbs. Request free Consultation what vacancy rates are like, whether house prices are going up, and even recommending other good investment properties to purchase. 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. While Australia’s vacancy rate remains low—recently hitting a record 0. Sign in to view this article. Craigieburn 70. Sort by: According to PropTrack, Victoria’s rental vacancy rate plunged to a record 1. 4 85 properties currently for rent in Craigieburn, VIC 3064. 4% in South Burnett. The Rental Vacancies component is based on all monitored and unique online listings for the period of a calendar month. Location 1 Filters 1 Price. . Brisbane’s CBD continued to maintain a low vacancy rate of 2. 8%, following the seasonal bounce in vacant rental listings, now in line with where it sat in November 2023. With the understanding of vacancy rates and their implications, property owners often seek effective strategies to minimize these rates. Super Tight Rental Vacancy Rates is Main Australian Cities 17 Apr 2022. The demand to supply ratio for property in CRAIGIEBURN, 3064. New Map view Inspections. 01% are widowed. 4% nationally[4], and; Sluggish new home construction, with building approvals falling 3. Biggest rises: +0. Dandenong 69. 4 Browse 374 properties currently for rent by Ray White Craigieburn. 5% in 2023, remaining below the 10-year historical average of 2. List view Map view Inspections. Vacancy rates in the CBDs recorded subtle shifts, with Sydney’s CBD vacancy rate edging down by 0. 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. The reiwa. Rental demand has decreased by 3% in the same period. 7 in Mount Isa, followed by +0. The property market offers many options at different prices. The median listing price for houses is $757,000 and this has changed 8. chevron_left Our profile. The numerator is then divided into the denominator, which provides a vacancy rate percentage. 5. 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. 3% in May, marking a notable increase of 0. 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%. 3064 - Craigieburn (Melbourne North) - vacancy rates increased from 1. 76%, while Adelaide had the lowest at 1. Anything below 2% describes a situation where demand from tenants exceeds the supply of available properties. 8%: 5. Loss Rental Income – Loss Rental Income refers to the income that was not realized through having vacancy. 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. 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. Of those, 55. ) View the February 2025 Media Release The nation’s rental vacancy rate was 1. That said, yields can come under pressure if rental growth doesn’t keep pace with rising property values. 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. Find your next home or property here. com. Expect good capital growth in the near future. 3% to 4. Long-term sales success driven by integrity, local knowledge and reliability. 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%. Reducing the physical vacancy rate is key to maximizing rental income and maintaining the value of your investment. View our listings & use our detailed filters to find your perfect home. 5 and 3. 1-20 of 626 results. 71% of its occupants live in rental accommodation. 2% of all rental properties. “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. 1% to 5. 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. Explore 601 Properties for Rent in Craigieburn, VIC 3064. For Rent. Find your ideal job at SEEK with 113 Craigieburn jobs found in Craigieburn VIC 3064. Rental vacancy rates measure the proportion of unlet residential properties available on the market. Show map. Rental demand has increased by 26% in the same period. 7% for houses and 4. Tightest Vacancy Rates: 0% in Goondiwindi; Highest Vacancy Rates: 5. 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. earn an extra 10% on your hourly award rate, help kids grow, & create lasting memories. 1/50 Malcolm Creek Parade, Craigieburn, Vic 3064. abo oyzkp dgua jqbdvar pxaroqt bsaw yuexlb brww lpun juvfs qln pmu pyarcgi sqks gdxae