VIC has seen average median house prices change by 7.88% which means that Cranbourne West, 3977 has done well for property investors by showing a capital gain of 11.98% over the last year
Across a shorter period, Cranbourne West, 3977 has seen a median price increase of 0.65% over the last quarter.
At number 409th of VIC’s most discounted properties, Cranbourne West is in the TOP 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 28.92 sales per month, which equates to 347 per year.
Cranbourne West, 3977’s gross rental yield is 3.55%
Cranbourne West has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.86% to date .
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.48%, without taking into account capital value appreciation, which has been averaging out at 5.89%.