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Craigieburn has become integrated into metropolitan Melbourne care of major new infrastructure, and developers building new home estates in the Mt Ridley, Roxburgh Park and Mickleham which all shaer the same postcode (3064).
The suburb of Donnybrook, though largely undeveloped, is also in the Craigieburn postcode.
Craigieburn is accessed via train, and includes two train stops at Roxburgh Park and Craigieburn.
According to the REIV, Craigieburn’s median house price for the year ended December 31, 2007, is $258,750, up 3.5 per cent since last year.
Values in Roxburgh Park over the same period increased 5.7 per cent to $280,000.
By comparison, median values increased 12.6 per cent for homes in metropolitan Melbourne, to $425,000.
The REIV annualised median figures are considered more statistically reliable than the quarterly figures released throughout the year, because they include a much greater sample of sold properties.
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