Property investors who have had real estate in Cranbourne, 3977 should be 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 -9.17%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cranbourne has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cranbourne, 3977. Typically our figures indicate that -9.15% is being offered, which puts this VIC suburb at 460th most discounted overall in Australia.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.78%, without taking into account capital value appreciation, which has been averaging out at 6.63%.
Property investors who have had real estate in Cranbourne, 3977 should be ok 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 -3.90%
Cranbourne,3977 was ranked 1190 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -8.15% to buyers in Cranbourne at the moment, which is less than average for the rest of VIC.
Cranbourne, 3977’s gross rental yield is 4.60%