VIC has seen average median house prices change by 4.41% which means that Cranbourne, 3977 has done well for property investors by showing a capital gain of -3.75% over the last year
While Cranbourne,3977 ranked number 478th in VIC for increase in median house value (annualised) increase, it is ranked 191th over the last 5 years.
Cranbourne, 3977 is offering VIC ‘s 57th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
In the last year 288 properties changed hands in Cranbourne, which puts it as the 45th most active market in VIC when comparing the number of sales per suburb.
Property investors who have had real estate in Cranbourne, 3977 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.02%
Cranbourne,3977 has offered an average of -4.02% return per annum in house price rises to property investors over the last three years.
At number 70th of VIC’s most discounted properties, Cranbourne is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $330 mark per week – giving a return of 4.64% based on the median price in Suburb