Property value increases in Crib Point have tracked higher than the VIC average of 4.75% over the last 12 months.
Crib Point,3919 has offered an average of 14.79% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -5.54% to buyers in Crib Point at the moment, which is less than average for the rest of VIC.
With the median price for a house in Crib Point being $551000 and the advertised rent reaching $362.5 the gross rental yield for property investors calculates out to be 3.42%
Over the last year, property investments in Crib Point, 3919 have given investors a capital gain of 13.94%. This compares very favourably with the 3.42% for VIC as a whole.
Across a shorter period, Crib Point, 3919 has seen a median price increase of -4.58% over the last quarter.
Property buyers and investors in Crib Point 3919 should be seeing an average reduction in asking price of around -2.30% . This means that Crib Point is holding prices well when compared to other suburbs in VIC.
At number 1356 in a list of fastest selling suburbs, Crib Point is in the bottom 20% of suburbs in Australia with an average of days on market 125.25 for properties listed there.
The VIC suburb of Crib Point, 3919 is in the Mornington Peninsula (S) 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