VIC has seen average median house prices change by 9.78% which means that Cranbourne North, 3977 has done well for property investors by showing a capital gain of 12.20% over the last year
Cranbourne North,3977 has offered an average of 12.20% return per annum in house price rises to property investors over the last three years.
Cranbourne North, 3977 is offering VIC ‘s 109th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
In the last year 462 properties changed hands in Cranbourne North, which puts it as the 17th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 7.84%, investors should hope to achieve an overall return of 4.12%
If you compare the increase in value of investment property in Cranbourne North, 3977 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.09%.
Cranbourne North,3977 has offered an average of 7.09% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Cranbourne North is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in VIC