VIC has seen average median house prices change by 11.63% which means that Cranbourne, 3977 has done well for property investors by showing a capital gain of 23.75% over the last year
A 57.14% growth in median value for property investors in Cranbourne,3977 puts this suburb at number 152th in terms of best performing suburbs in VIC
Cranbourne, 3977 is offering VIC ‘s 447th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
At number 101 in a list of fastest selling suburbs, Cranbourne is in the TOP 10% of suburbs in Australia with an average of days on market 28.51 for properties listed there.
With the median price for a house in Cranbourne being $495000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.57%
Over the last year, property investments in Cranbourne, 3977 have given investors a capital gain of 23.24%. This compares very favourably with the 6.52% for VIC as a whole.
Across a shorter period, Cranbourne, 3977 has seen a median price increase of 9.38% over the last quarter.
Vendor discounting in Cranbourne is giving property investors an average Vendor Discount of around -2.61%. This puts suburb at number 283th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.
The VIC suburb of Cranbourne, 3977 is in the Casey local government area.