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VIC: Suburb with busiest property markets

2Mo ago 0 Replies 101 Views
Craigieburn being the most busiest property market in Melbourne

Craigieburn
is located 28km north of Melbourne, a 30-minute drive or 43-minute train ride to the city centre, and just a 15-minute drive from the Melbourne Airport.
A major employment and economic hub, the Melbourne Airport contributes $7 billion to the economy each year and caters to over 38.8 million passengers per annum. 

Adjacent to the airport is the Melbourne Airport Business Park, the largest business park in the Southern Hemisphere. 

The suburb of Craigieburn also had rapid population growth, which slowed slightly since 2017 off the back of skyrocketing house prices, however is still very strong at over 4%, well above the state and national growth rates. Its population has tripled in a very short 17-year period.
Over the last 20 years, capital growth in Craigieburn has been 7.2% per annum – meaning property values have doubled every 10 years – another sign of its growing popularity.




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