Investment property in Cranbourne has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.76%
Across a shorter period, Cranbourne, 3977 has seen a median price increase of 4.11% over the last quarter.
Property investors looking for a bargain in Cranbourne should be aiming for at least -3.50% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Cranbourne being $380000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.52%
Over the last year, property investments in Cranbourne, 3977 have given investors a capital gain of 1.82%. This compares badly with the 4.09% for VIC as a whole.
Across a shorter period, Cranbourne, 3977 has seen a median price increase of 0.00% over the last quarter.
Sellers are offering property buyers an average discount of -6.16% to buyers in Cranbourne at the moment, which is less than average for the rest of VIC.
At number 418 in a list of fastest selling suburbs, Cranbourne is in the TOP 30% of suburbs in Australia with an average of days on market 56.57 for properties listed there.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.