VIC has seen average median house prices change by 8.27% which means that Cranbourne, 3977 has done well for property investors by showing a capital gain of 16.62% over the last year
Over the longer term, Cranbourne has seen property prices show investors a 31.43% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Cranbourne are currently offering property investors an average price cut of -4.82% below the asking price at the moment.
Residents and property investors in Cranbourne have been waiting around 36.57 days to sell a property.
Cranbourne is 219th on a list of best yielding suburbs for rents in VIC with a 4.27% return
If you compare the increase in value of investment property in Cranbourne, 3977 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.84%.
Over the longer term, Cranbourne has seen property prices show investors a 11.73% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Cranbourne itself are offering an average vendor discount of -5.59% to real estate investors.
Cranbourne is 68th on a list of best yielding suburbs for rents in VIC with a 5.19% return