10 Callistemon Road, Craigieburn VIC 3064

10 Callistemon Road, Craigieburn VIC 3064
4-2-2 family house|313 sqm land, high coverage|197 sqm interior|School-zoned to Mount Ridley|~4.4% gross yield The house is presented as a space-efficient family property, with a substantial 197-square-metre interior built on a compact 313-square-metre lot. A high coverage of the site is achieved by a functional four-bedroom layout, which makes it a practical option for young families or owner-occupiers. The property is supported by a strong school catchment and a predominantly owner-occupied suburb, where consistent family demand is observed. This yields a rarely available combination of generous internal space and low-maintenance land in a family-oriented corridor. The compact land size may be perceived as limiting for buyers seeking a large outdoor area, and the high site coverage might be seen as a constraint on future extension. However, a substantial internal footprint is already provided, reducing the immediate need for changes. Orientation and aspect may be considered moderate factors in buyer perception of light, but the functional layout is likely to be the primary value driver.
Detailed Independent Property Report prepared  by PropCred Analyst team for 10 Callistemon Road, Craigieburn VIC 3064
Checks found:
Value Risk
Liquidity Risk 2
Planning Risk 2
Income Risk 2
Execution Risk
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Market Insight

Craigieburn, in Melbourne’s north-west, is a family-oriented market where low supply and population growth underpin demand. House medians sit around $700k–$715k, up 8–9% annually; units average $460k–$480k, growing 8–12.5%. Sales volume around 1,000 houses yearly, with homes selling in 32–59 days. Rental yields for houses are 4–4.5%, units 4.9–5.2%; weekly rents run $540–$550 and $450–$490 respectively. Future growth hinges on transport infrastructure and population inflows, but very low supply and below-average growth versus Melbourne indicate rate sensitivity. Entry affordability is $700k–$800k.
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PropCred Estimated Value

Comparable Sales: 10 Saltbush Crescent $740,000; 3 Callistemon Rd $720,000 | Property Price Band: $700,000–$800,000 | Value Drivers: efficient layout, school catchment, land size

Bedrooms

4

Bathroom

2

Parking

2

Land

313m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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