Property value increases in Cranbourne West have tracked higher than the VIC average of 11.00% over the last 12 months.
Over the longer term, Cranbourne West has seen property prices show investors a 42.36% 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 -3.47% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 319 properties changed hands in Cranbourne West, which puts it as the 54th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $360 mark per week – giving a return of 3.93% based on the median price in Suburb