NSW has seen average median house prices change by 10.13% which means that Cranebrook, 2749 has done well for property investors by showing a capital gain of 7.56% over the last year
Cranebrook,2749 was ranked 1982 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Cranebrook should be aiming for at least -4.15% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Cranebrook the average time real estate has been on the market is 38.21 days.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.66%, without taking into account capital value appreciation, which has been averaging out at 7.30%.
If you compare the increase in value of investment property in Cranebrook, 2749 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.64%.
The five-year average increase in median property values for Cranebrook,2749 has given property investors a potential capital gain of 53.39% across each of those five years.
With the median price for a house in Cranebrook being $520000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 4.10%