If you compare the increase in value of investment property in Cranbourne North, 3977 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 14.10%.
While Cranbourne North,3977 ranked number 293th in VIC for increase in median house value (annualised) increase, it is ranked 315th over the last 5 years.
Property buyers and investors in Cranbourne North 3977 should be seeing an average reduction in asking price of around -8.50% . This means that Cranbourne North is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Cranbourne North being $445000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.21%
Cranbourne North, 3977 ranked 174th in VIC when comparing growth in median property values or capital gain over the last 12 months. Cranbourne North is one of 2098 in our list for VIC
Over the longer term, Cranbourne North has seen property prices show investors a 24.16% 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 Cranbourne North is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 2nd in terms of most discounted suburbs in VIC
Cranbourne North is 77th on a list of best yielding suburbs for rents in VIC with a 5.10% return