Spate of lenders slash fixed rates for investors
Key Westpac subsidiaries have dropped their fixed rates by up to 140 basis points. ...
The suburb’s capital gain of -3.71% for the past year is lower than average compared to its 52.94% growth within a five-year period.
Also in CRANEBROOK, the median home price is sitting at $649,975, and the average rent at $460, this suggests property owners could potentially earn a 3.68% increase in gross rental yield.
Property investors have seen a -1.52% drop in CRANEBROOK based on a decrease 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 7.7% growth over a ten-year period. It ranks 654th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $649,975 | $533,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.52% | -2.65% |
| Median 12 month | -3.71% | 1.23% |
| Median 3 years | 13.93% | 16.19% |
| Median 5 years | 52.94% | 61.67% |
| 10 years average annual | 7.7% | 7.91% |
| Weekly media advert. rent | $460 | $430 |
| Time on Market | 47.8 days | 38.5 days |
| Gross Rental Yield Percent | 3.68% | 4.19% |
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