Crib Point is in the TOP 20% in VIC when comparing median price capital growth over the last year. Crib Point gave property investors a very good capital gain figure when compared to the rest of the state, with 20.93%.
Crib Point,3919 was ranked 733 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Crib Point is offering property investors an average of -5.17. This rate of discount on properties puts Suburb at number 363th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Crib Point the average time real estate has been on the market is 35.76 days.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 7.88%.
At number 93th in the list of Australian suburbs ordered by increase in median house value over the last year, Crib Point, 3919 is in the top 10% with a property value increase of 23.78% recorded in median house prices.
The five-year average increase in median property values for Crib Point,3919 has given property investors a potential capital gain of 26.67% across each of those five years.
The most recent median price for Crib Point is $380000, with sellers offering an average of -2.51% off the asking price.
The VIC suburb of Crib Point, 3919 is in the Mornington Peninsula local government area.
With the median house price coming in at $450,000 and average returns at 4.2%, the suburb of Crib Point is a growing suburb that’s ideal for investors looking to enter the Victoria marketFull summary
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Median house price: $450,000
Three-year growth: 34.7%
Rental yield: 4.2%
With the median house price coming in at $450,000 and average returns at 4.2%, the suburb of Crib Point is a growing suburb that’s ideal for investors looking to enter the Victoria market.
House prices shot up by 21.6% over the previous year, and dwellings spent an average of only 43 days on the market. Sellers are unloading houses at an average discount rate of 3.4%, indicating that there is good demand.
Crib Point is one of several suburbs that make up the urban enclave on Western Port, along with Bittern, Hastings, Tyabb and Somerville. It’s a public transport hub that houses the Morradoo, Crib Point and Stony Point railway stations, with Stony Point station serving as the terminus of the Stony Point Line.Close