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The suburb’s capital gain of 3.85% for the past year is lower than average compared to its 68.75% growth within a five-year period.
Also in CRANEBROOK, the median home price is sitting at $675,000, and the average rent at $465, this suggests property owners could potentially earn a 3.58% increase in gross rental yield.
Property investors have seen a -0.22% 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 7.79% growth over a ten-year period. It ranks 607th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $675,000 | $547,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.22% | 2.42% |
| Median 12 month | 3.85% | 0.37% |
| Median 3 years | 23.85% | 23.76% |
| Median 5 years | 68.75% | 65.76% |
| 10 years average annual | 7.79% | 7.94% |
| Weekly media advert. rent | $465 | $420 |
| Time on Market | 48.9 days | 38.9 days |
| Gross Rental Yield Percent | 3.58% | 3.99% |
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