Property value increases in Cranbourne have tracked higher than the VIC average of 8.06% over the last 12 months.
While Cranbourne,3977 ranked number 165th in VIC for increase in median house value (annualised) increase, it is ranked 338th over the last 5 years.
Cranbourne, 3977 is offering VIC ‘s 399th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Often selling an investment property can take time, and in Cranbourne the average time real estate has been on the market is 36.31 days.
Cranbourne, 3977’s gross rental yield is 4.24%
Cranbourne is in the bottom 40% in VIC when comparing median price capital growth over the last year. Cranbourne gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.71%.
If we look at median property appreciation over just the last three months, Cranbourne has given property investors a paper return of 1.43%. This puts Suburb as 133 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Cranbourne 3977 should be seeing an average reduction in asking price of around -5.46% . This means that Cranbourne is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Cranbourne the average time real estate has been on the market is 55.16 days.