If you compare the increase in value of investment property in Crib Point, 3919 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.45%.
Across a shorter period, Crib Point, 3919 has seen a median price increase of -0.90% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Crib Point is offering property investors an average of -5.61. This rate of discount on properties puts Suburb at number 263th in terms of most discounted suburbs in VIC
Crib Point is 281th on a list of best yielding suburbs for rents in VIC with a 3.50% return
Crib Point has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.84% to date .
Crib Point,3919 was ranked 635 in Australia by increase in median property value over the quarter.
State is the 7th 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 Crib Point itself are offering an average vendor discount of -3.54% to real estate investors.
Residents and property investors in Crib Point have been waiting around 37.76 days to sell a property.
Crib Point is 121th on a list of best yielding suburbs for rents in VIC with a 4.42% return
Information supplied by:
Remarkable growth for units
Median unit price: $397,500
Three-year growth: 38.4%
Rental yield: 4.7%
One of the suburbs that make up the Western Port enclave, Crib Point is well loved by residents for its peaceful atmosphere and proximity to the beach.
The streets are lined with trees, and the entirety of the Mornington Peninsula is accessible from here. Crib Point is also served by three train stations, with Stony Point station being the terminus of the Stony Point line. There are also local markets and cafes for the residents to enjoy, as well as several parks.
The large blocks of land in this suburb provide an excellent opportunity to raise kids for an active lifestyle, but Crib Point does not rest on its house market. The unit market is rising with strength, recording over 20% in the November 2017-2018 period alone. Rental returns are also reasonably high at an average of 4.7%.