Is Craigieburn a nice place to live?

Craigieburn has a railway station on the Craigieburn line, road links via the Hume Highway and a mix of older homes and newer housing estates. It is a young community of couples with children, with couple families with children accounting for 61.6% of families. Many households are buying their homes, and everyday life revolves around shopping centres, sports ovals, community halls, walking trails through reserves and wetlands, and numerous parks and playgrounds for outdoor recreation. The Craigieburn Community Hospital has opened, upgrading the local health service and providing urgent care services.

Is it expensive to live in Craigieburn?

Buying in Craigieburn sits above what a typical local household earned at the last Census. A median house price of $676,000 works out to about 7.2 times a typical local annual household income (weekly household income about $1,798 at the last Census), while the median unit price of $478,750 is about 5.1 times that annual income. On the figures, buying a house is well above local incomes and units sit somewhat above local incomes. For renters, a house rent of $540 a week would take about 30% of a typical local household's weekly income, a sizeable share, and a unit rent of $455 a week would take about 25%, around a quarter of that income. Which option feels affordable will depend on your own income and circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Craigieburn a good place to invest?

Unit values were the standout in Craigieburn in the past 12 months, rising 11.3%, a strong increase. House values also rose 7.1%, a solid gain, while unit rents edged up 1.8%, a slight rise. For units, capital growth outpaced rental income by a wide margin, and unit value gains exceeded those for houses. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Craigieburn suburb profile

Craigieburn is an outer north Melbourne suburb in Victoria, set among broad residential precincts and open parkland. It has a railway station on the Craigieburn line and road links via the Hume Highway, providing regular commuter services and straightforward connections to nearby centres.

Streets range from older weatherboard and brick homes to more recent housing estates, with local life organised around shopping centres, sports ovals, community halls and walking trails through reserves and wetlands. Numerous parks and playgrounds give ready access to outdoor recreation and everyday green space.

Craigieburn property market performance

Current median dwelling price$577,375Past 3 months

Property growth+9.2%Past 12 months

Craigieburn's median house price is $676,000, up 7.1% over the last 12 months, a notable rise. The median unit price is $478,750, up 11.3% over the last 12 months, a sharp rise, and units rose more strongly than houses. That unit change is based on just 16 sales over the last 3 months.

In Craigieburn, unit rents rose 1.8% over the last 12 months, running well behind unit values.

	Houses	Units
Median price Past 3 months	$676K	$479K
Change in value Past 12 months	7.1%	11.3%
Sold Past 3 months	247	16
Median days on market Past 12 months	33	27
Average rent Past 12 months	$540	$455
Change in rent Past 12 months	N/A	1.8%

5 year median price trend for houses and units

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Craigieburn demographics

Craigieburn is a young community of couples with children and many households buying their homes.

Most families are couples with children, accounting for 61.6% of families, while 55.2% of homes are owned with a mortgage. At the 2021 Census, 65,178 people lived in Craigieburn.

Craigieburn and Victoria

	Suburb	VIC
Median age years	32	38
Median household income weekly	$1,798	$1,759
Couples with children share of families	61.6%	45.5%
Couples without children share of families	21.9%	37.6%
One-parent families share of families	15.1%	15.2%
Homes owned outright share of homes	15.5%	33.2%
Homes with a mortgage share of homes	55.2%	37.3%
Homes rented share of homes	29.2%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Craigieburn infrastructure, key developments and investment opportunities

Craigieburn's Craigieburn Community Hospital opened in 2025, upgrading the existing Craigieburn Health Service and providing urgent care services. The Craigieburn Road upgrade saw new lanes open in 2024 and remains on track for completion in 2025.

Craigieburn Sports Stadium was completed in 2024, delivering a new three-court indoor basketball stadium as part of the facility.

Suburbs near Craigieburn

Some popular suburbs near Craigieburn include:

How does Craigieburn compare to nearby suburbs?

Median house prices: Craigieburn’s median house price is 0.9% higher than Meadow Heights’s.
House price growth: Over the past 12 months, house prices in Craigieburn have grown 4.1% higher than in Donnybrook.
Unit price growth: Over the past 12 months, unit prices in Craigieburn have grown 3.2% higher than in Meadow Heights.
Selling speed for houses: Properties in Craigieburn are selling 2.9% faster than in Roxburgh Park.
Selling speed for units: Properties in nearby Roxburgh Park are selling 11.1% faster than in Craigieburn.
Investment considerations: In Craigieburn, the rental yield for house is 15.1% lower than the Melbourne average, while the rental yield for units is 23.5% lower.
House price growth: Over the past 12 months, house prices in Craigieburn have grown 30.8% lower than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Craigieburn have grown 17.0% lower than the average rate of growth for units across Melbourne.

Common questions about Craigieburn

Is Craigieburn a nice place to live?
Craigieburn has a railway station on the Craigieburn line, road links via the Hume Highway and a mix of older homes and newer housing estates.

It is a young community of couples with children, with couple families with children accounting for 61.6% of families. Many households are buying their homes, and everyday life revolves around shopping centres, sports ovals, community halls, walking trails through reserves and wetlands, and numerous parks and playgrounds for outdoor recreation. The Craigieburn Community Hospital has opened, upgrading the local health service and providing urgent care services.
Is it expensive to live in Craigieburn?
Buying in Craigieburn sits above what a typical local household earned at the last Census. A median house price of $676,000 works out to about 7.2 times a typical local annual household income (weekly household income about $1,798 at the last Census), while the median unit price of $478,750 is about 5.1 times that annual income. On the figures, buying a house is well above local incomes and units sit somewhat above local incomes.

For renters, a house rent of $540 a week would take about 30% of a typical local household's weekly income, a sizeable share, and a unit rent of $455 a week would take about 25%, around a quarter of that income. Which option feels affordable will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Craigieburn a good place to invest?
Unit values were the standout in Craigieburn in the past 12 months, rising 11.3%, a strong increase. House values also rose 7.1%, a solid gain, while unit rents edged up 1.8%, a slight rise. For units, capital growth outpaced rental income by a wide margin, and unit value gains exceeded those for houses.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Craigieburn

Currently, there are 330 real estate agents working in Craigieburn—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 330 agents sold 19.8% of all properties in Craigieburn over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Craigieburn typically charge a commission of 1.54% to 2.94%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.