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8 MIN READProperty Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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CranebrookCranebrook - SUBURB PROFILE REPORT
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The suburb’s capital gain of 16.51% for the past year is higher than average compared to its 27.37% growth within a five-year period.
Also in CRANEBROOK, the median home price is sitting at $751,500, and the average rent at $450, this suggests property owners could potentially earn a 3.11% increase in gross rental yield.
Property investors have seen a 5.4% gain in CRANEBROOK based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on CRANEBROOK, 2749 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 16.51%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.62% growth over a ten-year period. It ranks 702nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $751,500 | $600,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.4% | 6.95% |
| Median 12 month | 16.51% | 14.29% |
| Median 3 years | 11.33% | 9.69% |
| Median 5 years | 27.37% | 26.32% |
| 10 years average annual | 7.62% | 6.78% |
| Weekly media advert. rent | $450 | $420 |
| Time on Market | 23.8 days | 15.1 days |
| Gross Rental Yield Percent | 3.11% | 3.64% |
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