If you compare the increase in value of investment property in Cranbourne, 3977 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 26.71%.
Cranbourne,3977 has offered an average of 26.71% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Cranbourne is offering property investors an average of -5.00. This rate of discount on properties puts Suburb at number 415th in terms of most discounted suburbs in VIC
A $340 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 8.13%.
Investment property in Cranbourne has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.14%
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 -2.40% is being offered, which puts this VIC suburb at 1397th most discounted overall in Australia.
In the last year 78 properties changed hands in Cranbourne, which puts it as the 117th most active market in VIC when comparing the number of sales per suburb.
Situated 42.45km from the CBD, Cranbourne is one of Casey localities in the postcode 3977.