With a capital gain of 18.26% for the last 12 months, Cranbourne West, 3977 has performed for property investments than its average annual 6.65% property growth over the last 5 years.
Over the longer term, Cranbourne West has seen property prices show investors a 26.88% return over the last 3 years. This is worse than over the last 12 months
Cranbourne West3977 is located in VIC which offers an average discount of -5.91% to property investors. Cranbourne West itself is showing figures that indicate -4.31% 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 4.31%, without taking into account capital value appreciation, which has been averaging out at 6.65%.
Cranbourne West, 3977 ranked 25th in VIC when comparing growth in median property values or capital gain over the last 12 months. Cranbourne West is one of 2098 in our list for VIC
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 2.81%, investors should hope to achieve an overall return of 5.02%