Cranbourne has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.26% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cranbourne has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Cranbourne are currently offering property investors an average price cut of -5.01% below the asking price at the moment.
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.
With the median price for a house in Cranbourne being $406000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.23%
Giving property investors a an average capital gain of 1.42% for the last year, Cranbourne, 3977 is the 959th highest performer in Australia in this respect.
Comparing Cranbourne,3977 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Cranbourne is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 116th in terms of most discounted suburbs in VIC
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at 5.46%.