VIC has seen average median house prices change by 7.80% which means that Cranbourne West, 3977 has done well for property investors by showing a capital gain of 14.71% over the last year
Cranbourne West,3977 was ranked 1279 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Cranbourne West itself are offering an average vendor discount of -6.70% to real estate investors.
On average over the past year, suburb has had 24.75 sales per month, which equates to 297 per year.
With the median price for a house in Cranbourne West being $390000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.67%
Cranbourne West is in the bottom 20% in VIC when comparing median price capital growth over the last year. Cranbourne West gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.66%.
Cranbourne West,3977 was ranked 85 in Australia by increase in median property value over the quarter.