Buy & Hold

6 Osprey Place, Craigieburn

by Dean Berman

A pretty facade compliments this 3 bedroom, 2 bathroom, DLUG house marketed by Anthony Alagona and Daniel Sacco of Barry Plant.

The property was purchased in June 2014 for $410,000 and just sold for $635,000.

Capital growth of $225,000 or 55% over 4 years is a strong result. SQM Research estimates 38% growth over the last 3 years in Craigieburn.

It’s interesting to think that Craigieburn’s population has gradually grown from 21,000 in 2006, 33,000 in 2011 to 50,000 in 2016.

Looking at the history of the area it seems Highlands Shopping Centre created by Stockland in 2011 and Craigieburn Central completed in 2013 had a really positive impact on the local communities growth.