VIC has seen average median house prices change by 8.96% which means that Cranbourne, 3977 has done well for property investors by showing a capital gain of 15.07% over the last year
Comparing Cranbourne,3977 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -4.73% to buyers in Cranbourne at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $4050 per annum or $337.5 every week.
Investment property in Cranbourne has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.57%
When looking at the potential capital gains offered to property investors over the last 3 years, Cranbourne comes in at number 222th in VIC.
The most recent median price for Cranbourne is $290000, with sellers offering an average of -5.60% off the asking price.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 5.82%.