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 11.51%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cranbourne North has increased when compared to the 5 year average annual rate.
Cranbourne North3977 is located in VIC which offers an average discount of -5.61% to property investors. Cranbourne North itself is showing figures that indicate -6.00% is the average achievable by property buyers investing in the suburb.
In the last year 396 properties changed hands in Cranbourne North, which puts it as the 21th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Cranbourne North, 3977 is in the Casey (C) local government area.
If you compare the increase in value of investment property in Cranbourne North, 3977 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.81%.
If we look at median property appreciation over just the last three months, Cranbourne North has given property investors a paper return of -3.92%. This puts Suburb as 293 on a list of fastest fasting appreciating suburbs in VIC
At number 94th of VIC’s most discounted properties, Cranbourne North is in the middle of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $17160 per annum or $330 every week.