Giving property investors a a solid capital gain of 14.67% for the last year, Cranbourne North, 3977 is the 516th highest performer in Australia in this respect.
Cranbourne North,3977 has offered an average of 14.67% return per annum in house price rises to property investors over the last three years.
The most recent median price for Cranbourne North is $430000, with sellers offering an average of -7.27% off the asking price.
Often selling an investment property can take time, and in Cranbourne North the average time real estate has been on the market is 46.72 days.
Situated 41.58km from the CBD, Cranbourne North is one of Casey localities in the postcode 3977.
Cranbourne North is in the bottom 30% in VIC when comparing median price capital growth over the last year. Cranbourne North gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.09%.
While Cranbourne North,3977 ranked number 156th in VIC for increase in median house value (annualised) increase, it is ranked 169th over the last 5 years.
Vendor discounting in Cranbourne North is giving property investors an average Vendor Discount of around -8.89%. This puts suburb at number 18th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $340 mark per week – giving a return of 5.57% based on the median price in Suburb