Investment property in Cranbourne has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.84%
When looking at the potential capital gains offered to property investors over the last 3 years, Cranbourne comes in at number 298th in VIC.
Vendor discounting in Cranbourne is giving property investors an average Vendor Discount of around -3.96%. This puts suburb at number 504th in VIC when ranking the most discounted suburbs.
Cranbourne is 215th on a list of best yielding suburbs for rents in VIC with a 4.31% return
Over the last year, property investments in Cranbourne, 3977 have given investors a capital gain of 1.07%. This compares badly with the 3.19% for VIC as a whole.
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cranbourne, 3977. Typically our figures indicate that -6.01% is being offered, which puts this VIC suburb at 482th most discounted overall in Australia.
Situated 42.65km from the CBD, Cranbourne is one of Casey localities in the postcode 3977.