The suburb’s capital gain of 7.56% for the past year is lower than average compared to its 72.27% growth within a five-year period.
Also in CRANEBROOK, the median home price is sitting at $640,000, and the average rent at $450, this suggests property owners could potentially earn a 3.66% increase in gross rental yield.
Property investors have seen a 1.59% gain in CRANEBROOK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.3% growth over a ten-year period. It ranks 781st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.56%||10.64%|
|Median 3 years||38.38%||44.44%|
|Median 5 years||72.27%||53.39%|
|10 years average annual||7.3%||7.49%|
|Weekly media advert. rent||$450||$410|
|Time on Market||38.2 days||0.0 days|
|Gross Rental Yield Percent||3.66%||4.1%|