Giving property investors a a solid capital gain of 16.13% for the last year, Crib Point, 3919 is the 786th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Crib Point comes in at number 306th in VIC.
The most recent median price for Crib Point is $450000, with sellers offering an average of -3.38% off the asking price.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 6.93%, investors should hope to achieve an overall return of 4.16%
If you compare the increase in value of investment property in Crib Point, 3919 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.21%.
Crib Point,3919 was ranked 377 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.73% offered to property buyers. Sellers in Crib Point itself are offering an average vendor discount of -2.64% to real estate investors.
In the last year 40 properties changed hands in Crib Point, which puts it as the 212th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Crib Point, 3919 is in the Mornington Peninsula local government area.