Over the last year, property investments in Crib Point, 3919 have given investors a capital gain of 24.44%. This compares very favourably with the 8.62% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Crib Point comes in at number 17th in VIC.
Vendor discounting in Crib Point is giving property investors an average Vendor Discount of around -4.49%. This puts suburb at number 385th in VIC when ranking the most discounted suburbs.
In the last year 67 properties changed hands in Crib Point, which puts it as the 343th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
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 25.32%.
When looking at the potential capital gains offered to property investors over the last 3 years, Crib Point comes in at number 36th in VIC.
Sellers are offering property buyers an average discount of -2.83% to buyers in Crib Point at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $17680 per annum or $340 every week.
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