With a capital gain of 8.91% for the last 12 months, Cranebrook, 2749 has performed for property investments than its average annual 6.52% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cranebrook has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Cranebrook should be aiming for at least -5.28% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 229 properties changed hands in Cranebrook, which puts it as the 37th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Cranebrook, 2749 is in the Penrith local government area.
Cranebrook has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.41% to date .
The five-year average increase in median property values for Cranebrook,2749 has given property investors a potential capital gain of 44.82% across each of those five years.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 6.07%.