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And where is the busiest real estate market in Australia?

the busiest real estate market in australia in 2019 is melbourne's Pakenham (924) and Craigieburn (896).. between july 1,2019 and september 30,2019, the largest number of first-time homebuyer subsidy applications across virginia also came from Craigieburn and its surrounding areas.

why are Craigieburn so popular?

The Craigieburn is located in Central, a city 28 km north of Melbourne, from which 30 minutes drive or train 43 minutes drive to the centre of Melbourne and 15 minutes drive to Melbourne International Airport.

Craigieburn local city government (LGA) is Hume City..

Hume City also has one of the largest business parks in the southern hemisphere —— the melbourne airport business park, the largest business park in the southern hemisphere, covering 470 hectares, where international logistics giants such as TOLL,TNT and DHL are stationed, and where future GEA food companies, australian and global-renowned enterprises will continue to be stationed to inject diversified industries.

The future Hume City will also have the largest planned commercial employment park Merrifield business park and the largest planned resident community Cloverton. in the state

The Merrifield Commercial Park, which covers 415 hectares and has spent $1.2 billion, is now home to well-known enterprises such as Dorothy and D'orsogna. The Cloverton, Stockland by Australia's top developers, will accommodate 30,000 residents, with 80,000 square metres of retail space, creating 6,700-7,000 jobs.

Surrounded by so many areas of employment, it is not difficult to understand why Craigieburn have a very bright performance in population growth.

Melbourne's population growth rate has now surpassed Sydney's to become the fastest-growing city in Australia, and the Craigieburn is better. Its population growth rate is higher than the overall population growth level of Greater Mexico, which tripled in just 17 years.

As house prices soared in the region starting in 2017, population growth began to experience a small decline —— Even so, the population growth rate is still above 4%, above the level of Victoria and Australia.

The house median price in the region has been adjusted to a more affordable $526,000 since market prices entered the adjustment period in early 19, and it is expected that with this trend more people will move into Craigieburn..

What is worth mentioning is that Craigieburn capital appreciation rate of 7.2 per cent per year for house 20 years, or doubling in 10 years, is very strong —— which is also one of the remarkable signs of rapid population growth.

The Craigieburn population is dominated by middle-class, mature and growing families in terms of family structure, taking into account the location, large numbers of jobs and relatively affordable real estate prices. As these factors keep attracting young families to live and work in Craigieburn, it is no surprise that the district will be the first place in the number of first-time home buyers applying for subsidies.

For investors, a large number of households constitute a very robust source of tenants, and even during the epidemic, the vacancy rate in the region was barely affected, and the April vacancy rate remained extremely low at 1.8%.

Boutique Investment Opportunities: Eastside –Highland Estate

The Highland Estate is located in Craigieburn hard-to-copy gold zone, a townhouse community made by top developers Stockland love, within five minutes of Craigieburn stop, walking to medical clinics, Olympic level swimming and water recreation centres Splash Water Park、 large track and field sports venues and a large shopping complex with 139 shops over 60,000 square meters Craigieburn Central.

craigieburn property market



Not only that, Craigieburn the local vacancy rate is only 1.8%, which is already a very low data, marking the market in short supply, while the 31 Highland Estate townhouses managed by the property management department of Asia Pacific Group are currently only 1 vacant.

Eastside is the final phase of the Highland Estate community, by Australia's top builders Metricon craftsmanship, the overall style of warm and modern, is a bright pearl in the Craigieburn region.

The Asia-Pacific Group real estate Director William Mitchell said:

"We have been studying Craigieburn region for several years. The growth in both population and house prices reflects the region's appeal to real estate buyers —— especially home buyers. At just 28 kilometers from downtown Melbourne, it's a rare opportunity to buy a brand-new townhouse from $415,000. We are therefore very pleased to be able to bring Highline Estate final ——Eastside." of this unique project to our investors

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