Craigmore vs Elizabeth Downs
Elizabeth Downs (median $670,500) is roughly 8% cheaper to buy into than Craigmore ($729,250). Over the past year, Elizabeth Downs (+19.7%) ran 4.6 percentage points ahead of Craigmore (+15.1%) on house-price growth.
Buying in Craigmore or Elizabeth Downs?
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Craigmore and Elizabeth Downs side by side
| Measure | Craigmore | Elizabeth Downs |
|---|---|---|
| Price and market | ||
| Median house | $729,250 | $670,500 |
| Median unit | $205,920 | $154,800 |
| House price change, 12 months | +15.1% | +19.7% |
| Renting | ||
| House rent | $580/wk | $510/wk |
| Unit rent | $450/wk | $480/wk |
| Owner occupied | 78.0% | 54.0% |
| Renter occupied | 20.0% | 44.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 945 | 941 |
| Lifestyle and people | ||
| Walk score | 4 | 0 |
| Transit score | 0 | 0 |
| Bike score | 65 | 80 |
| Population | 10,943 | 5,160 |
| Median age | 37 | 34 |
| Climate | ||
| Annual rainfall | 510 mm | 510 mm |
| Mean max, January | 30.5°C | 30.5°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Craigmore scores higher on walkability (4/100 vs 0/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Craigmore (945) sits above Elizabeth Downs (941). Craigmore skews owner-occupied (78%), Elizabeth Downs runs more rental-dense (54% owner).
- For buyers
- Elizabeth Downs is the lower entry point at $670,500 median, 8% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Craigmore delivers the better gross yield (4.14% vs 3.96%), but Elizabeth Downs has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Craigmore edges out on average school ICSEA (945 vs 941). Craigmore also has a higher family-household share (79% vs 64%), so the catchment community skews family-heavy.
Craigmore vs Elizabeth Downs: common questions
Is Craigmore or Elizabeth Downs cheaper to buy in?
Elizabeth Downs has the lower median house price at $670,500, roughly 8% below Craigmore ($729,250). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Craigmore or Elizabeth Downs?
Over the past 12 months, Elizabeth Downs grew +19.7% vs +15.1% in Craigmore, a gap of 4.6 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Craigmore or Elizabeth Downs have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Craigmore scores 945 vs 941 in Elizabeth Downs. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Craigmore or Elizabeth Downs?
Craigmore scores 4/100 on walkability vs 0/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Craigmore or Elizabeth Downs?
Gross rental yield on houses is 4.14% in Craigmore vs 3.96% in Elizabeth Downs. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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