Cranbourne West is in the TOP 10% in VIC when comparing median price capital growth over the last year. Cranbourne West gave property investors a very good capital gain figure when compared to the rest of the state, with 20.50%.
A 37.77% growth in median value for property investors in Cranbourne West,3977 puts this suburb at number 95th in terms of best performing suburbs in VIC
Cranbourne West3977 is located in VIC which offers an average discount of -5.87% to property investors. Cranbourne West itself is showing figures that indicate -4.56% is the average achievable by property buyers investing in the suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at 7.00%.
Investment property in Cranbourne West has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.96%
Using the current median advertised rental of $332.5 and the average annual increase in value of a median property of 3.83%, investors should hope to achieve an overall return of 5.15%