At number 3464th in the list of Australian suburbs ordered by increase in median house value over the last year, Crib Point, 3919 is in the BOTTOM 20% with a property value increase of -6.31% 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 55.22% across each of those five years.
Our latest figures would indicate that property sellers in Crib Point are currently offering property investors an average price cut of -9.54% below the asking price at the moment.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
Crib Point, 3919 ranked 128th in VIC when comparing growth in median property values or capital gain over the last 12 months. Crib Point is one of 2099 in our list for VIC
Across a shorter period, Crib Point, 3919 has seen a median price increase of 1.85% over the last quarter.
With the median price for a house in Crib Point being $412500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.54%
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%.