Cranbourne has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 21.35% to date .
Comparing Cranbourne,3977 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -4.15% to buyers in Cranbourne at the moment, which is less than average for the rest of VIC.
In the last year 353 properties changed hands in Cranbourne, which puts it as the 32th most active market in VIC when comparing the number of sales per suburb.
Situated 42.09km from the CBD, Cranbourne is one of Casey localities in the postcode 3977.
Cranbourne has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 23.72% to date .
Cranbourne,3977 was ranked 246 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Cranbourne is offering property investors an average of -4.60. This rate of discount on properties puts Suburb at number 241th in terms of most discounted suburbs in VIC
Residents and property investors in Cranbourne have been waiting around 20.41 days to sell a property.
Cranbourne is 164th on a list of best yielding suburbs for rents in VIC with a 4.04% return