With a capital gain of 8.37% for the last 12 months, Cranbourne East, 3977 has performed for property investments than its average annual 6.35% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cranbourne East has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Cranbourne East should be aiming for at least -5.42% off the asking price, which is the average vendor discount being achieved at the moment.
At number 245 in a list of fastest selling suburbs, Cranbourne East is in the TOP 10% of suburbs in Australia with an average of days on market 37.31 for properties listed there.
Cranbourne East is 209th on a list of best yielding suburbs for rents in VIC with a 4.18% return