If you compare the increase in value of investment property in Crib Point, 3919 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 23.29%.
Over the longer term, Crib Point has seen property prices show investors a 34.73% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Crib Point is offering property investors an average of -5.41. This rate of discount on properties puts Suburb at number 431th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 7.19%, investors should hope to achieve an overall return of 4.16%
Investment property in Crib Point has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.58%
Taking the average capital gain, or increase in median house value, Crib Point,3919 has racked up an average of 4.58% over the period. This ranks it number 1073th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Crib Point is giving property investors an average Vendor Discount of around -3.25%. This puts suburb at number 255th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Crib Point the average time real estate has been on the market is 55.76 days.
With the median price for a house in Crib Point being $308500 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.23%