At number 498th in the list of Australian suburbs ordered by increase in median house value over the last year, Cranbourne West, 3977 is in the top 20% with a property value increase of 18.22% recorded in median house prices.
Across a shorter period, Cranbourne West, 3977 has seen a median price increase of 3.08% over the last quarter.
Cranbourne West3977 is located in VIC which offers an average discount of -5.53% to property investors. Cranbourne West itself is showing figures that indicate -3.90% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Cranbourne West have been waiting around 31.26 days to sell a property.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
With a capital gain of 4.97% for the last 12 months, Cranbourne West, 3977 has performed for property investments than its average annual 8.53% property growth over the last 5 years.
Using the current median advertised rental of $335 and the average annual increase in value of a median property of 8.53%, investors should hope to achieve an overall return of 4.85%