If you compare the increase in value of investment property in Cranbourne, 3977 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 21.91%.
If we look at median property appreciation over just the last three months, Cranbourne has given property investors a paper return of 7.66%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in VIC
Cranbourne3977 is located in VIC which offers an average discount of -5.26% to property investors. Cranbourne itself is showing figures that indicate -4.33% is the average achievable by property buyers investing in the suburb.
Cranbourne, 3977’s gross rental yield is 3.76%
Property investors who have had real estate in Cranbourne, 3977 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.75%
Taking the average capital gain, or increase in median house value, Cranbourne,3977 has racked up an average of 13.75% over the period. This ranks it number 541th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Cranbourne should be aiming for at least -3.53% off the asking price, which is the average vendor discount being achieved at the moment.
The VIC suburb of Cranbourne, 3977 is in the Casey local government area.