With a capital gain of 16.44% for the last 12 months, Cranbourne, 3977 has performed for property investments than its average annual 6.72% property growth over the last 5 years.
A 34.49% growth in median value for property investors in Cranbourne,3977 puts this suburb at number 243th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Cranbourne are currently offering property investors an average price cut of -4.77% below the asking price at the moment.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.04%, without taking into account capital value appreciation, which has been averaging out at 6.72%.
Cranbourne has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.36% to date .
The five-year average increase in median property values for Cranbourne,3977 has given property investors a potential capital gain of 15.69% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.03% offered to property buyers. Sellers in Cranbourne itself are offering an average vendor discount of -5.74% to real estate investors.
Residents and property investors in Cranbourne have been waiting around 41.78 days to sell a property.
Advertised rents are around the $290 mark per week – giving a return of 5.11% based on the median price in Suburb