Crib Point has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 22.21% to date .
The five-year average increase in median property values for Crib Point,3919 has given property investors a potential capital gain of 29.84% across each of those five years.
Property investors looking for a bargain in Crib Point should be aiming for at least -5.89% off the asking price, which is the average vendor discount being achieved at the moment.
A $345 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 6.73%.
Giving property investors a an average capital gain of 0.43% for the last year, Crib Point, 3919 is the 1038th highest performer in Australia in this respect.
Across a shorter period, Crib Point, 3919 has seen a median price increase of 0.00% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Crib Point itself are offering an average vendor discount of -4.09% to real estate investors.
With the median price for a house in Crib Point being $290000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.38%