Investment property in Cranbourne North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.59%
Across a shorter period, Cranbourne North, 3977 has seen a median price increase of 2.65% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.19% offered to property buyers. Sellers in Cranbourne North itself are offering an average vendor discount of -3.80% to real estate investors.
Often selling an investment property can take time, and in Cranbourne North the average time real estate has been on the market is 29.19 days.
Advertised rents are around the $370 mark per week – giving a return of 3.32% based on the median price in Suburb
If you compare the increase in value of investment property in Cranbourne North, 3977 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 14.86%.
Cranbourne North,3977 has offered an average of 14.86% return per annum in house price rises to property investors over the last three years.
The most recent median price for Cranbourne North is $425000, with sellers offering an average of -3.42% off the asking price.
Residents and property investors in Cranbourne North have been waiting around 11.7 days to sell a property.