Property investors who have had real estate in Cranbourne West, 3977 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.67%
Over the longer term, Cranbourne West has seen property prices show investors a 18.24% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Cranbourne West should be aiming for at least -7.87% off the asking price, which is the average vendor discount being achieved at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 5.80%.
Investment property in Cranbourne West has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.32%
Cranbourne West, 3977’s gross rental yield is 4.94%