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 18.42%
While Cranbourne West,3977 ranked number 189th in VIC for increase in median house value (annualised) increase, it is ranked 274th over the last 5 years.
Sellers are offering property buyers an average discount of -4.11% to buyers in Cranbourne West at the moment, which is less than average for the rest of VIC.
With the median price for a house in Cranbourne West being $450000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.04%
If you compare the increase in value of investment property in Cranbourne West, 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 21.69%.
Using the current median advertised rental of $335 and the average annual increase in value of a median property of 5.23%, investors should hope to achieve an overall return of 4.85%