Investment property in Cranbourne North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.22%
Over the longer term, Cranbourne North has seen property prices show investors a 34.25% return over the last 3 years. This is worse than over the last 12 months
At number 174th of VIC’s most discounted properties, Cranbourne North is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Cranbourne North the average time real estate has been on the market is 37.47 days.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.93%, without taking into account capital value appreciation, which has been averaging out at 8.33%.
With a capital gain of 12.34% for the last 12 months, Cranbourne North, 3977 has performed for property investments than its average annual 6.98% property growth over the last 5 years.
Cranbourne North,3977 has offered an average of 12.34% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Cranbourne North 3977 should be seeing an average reduction in asking price of around -2.69% . This means that Cranbourne North is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $3900 per annum or $325 every week.