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 16.05%
The five-year average increase in median property values for Cranbourne North,3977 has given property investors a potential capital gain of 22.50% across each of those five years.
Our latest figures would indicate that property sellers in Cranbourne North are currently offering property investors an average price cut of -6.81% below the asking price at the moment.
At number 734th in the list of Australian suburbs ordered by increase in median house value over the last year, Cranbourne North, 3977 is in the top half with a property value increase of 4.44% recorded in median house prices.
While Cranbourne North,3977 ranked number 103th in VIC for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.
Property investors looking for a bargain in Cranbourne North should be aiming for at least -8.89% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Cranbourne North being $323750 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.98%