Over the last year, property investments in Crib Point, 3919 have given investors a capital gain of 18.31%. This compares favourably with the 11.11% for VIC as a whole.
Crib Point,3919 has offered an average of 18.31% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Crib Point are currently offering property investors an average price cut of -4.44% below the asking price at the moment.
Situated 63.51km from the CBD, Crib Point is one of Mornington Peninsula localities in the postcode 3919.
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 20.50%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Crib Point has increased when compared to the 5 year average annual rate.
The most recent median price for Crib Point is $358500, with sellers offering an average of -2.25% off the asking price.
In the last year 40 properties changed hands in Crib Point, which puts it as the 212th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $325 weekly from the median priced house in this suburb.
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