Property investors who have had real estate in Cranbourne North, 3977 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.58%
Over the longer term, Cranbourne North has seen property prices show investors a 23.27% return over the last 3 years. This is worse than over the last 12 months
Cranbourne North3977 is located in VIC which offers an average discount of -6.03% to property investors. Cranbourne North itself is showing figures that indicate -7.55% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 33.92 sales per month, which equates to 407 per year.
At number 551th in the list of Australian suburbs ordered by increase in median house value over the last year, Cranbourne North, 3977 is in the top 40% with a property value increase of 7.05% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Cranbourne North comes in at number 56th in VIC.
Property buyers and investors in Cranbourne North 3977 should be seeing an average reduction in asking price of around -10.73% . This means that Cranbourne North is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Cranbourne North the average time real estate has been on the market is 97.17 days.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.03%, without taking into account capital value appreciation, which has been averaging out at 6.47%.