Property investors who have had real estate in Cranebrook, 2749 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.16%
Across a shorter period, Cranebrook, 2749 has seen a median price increase of 0.73% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Cranebrook is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 661th in terms of most discounted suburbs in NSW
With a capital gain of 3.01% for the last 12 months, Cranebrook, 2749 has performed for property investments than its average annual 6.47% property growth over the last 5 years.
Over the longer term, Cranebrook has seen property prices show investors a 43.17% return over the last 3 years. This is worse than over the last 12 months
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 6.47%, investors should hope to achieve an overall return of 4.43%