Giving property investors a an average capital gain of -3.60% for the last year, Crib Point, 3919 is the 2366th highest performer in Australia in this respect.
Crib Point,3919 was ranked 1605 in Australia by increase in median property value over the quarter.
Crib Point3919 is located in VIC which offers an average discount of -6.90% to property investors. Crib Point itself is showing figures that indicate -9.48% is the average achievable by property buyers investing in the suburb.
At number 956 in a list of fastest selling suburbs, Crib Point is in the TOP 30% of suburbs in Australia with an average of days on market 62.98 for properties listed there.
At number 931th in the list of Australian suburbs ordered by increase in median house value over the last year, Crib Point, 3919 is in the BOTTOM 40% with a property value increase of -4.58% recorded in median house prices.
Across a shorter period, Crib Point, 3919 has seen a median price increase of 0.00% over the last quarter.
Renters in Suburb are facing rents around $17680 per annum or $340 every week.
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%.