VIC has seen average median house prices change by 8.13% which means that Cranbourne West, 3977 has done well for property investors by showing a capital gain of 14.94% over the last year
Comparing Cranbourne West,3977 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Cranbourne West is giving property investors an average Vendor Discount of around -7.45%. This puts suburb at number 134th in VIC when ranking the most discounted suburbs.
In the last year 299 properties changed hands in Cranbourne West, which puts it as the 59th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Cranbourne West being $387333 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.70%
With a capital gain of 1.59% for the last 12 months, Cranbourne West, 3977 has performed for property investments than its average annual 4.18% property growth over the last 5 years.