How long can ‘JobKeepers’ afford their rent?
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
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The suburb’s capital gain of -5.38% for the past year is lower than average compared to its 27.33% growth within a five-year period.
Also in CRANEBROOK, the median home price is sitting at $615,000, and the average rent at $450, this suggests property owners could potentially earn a 3.8% increase in gross rental yield.
Property investors have seen a 0.16% 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 6.59% growth over a ten-year period. It ranks 829th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $615,000 | $500,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.16% | 1.32% |
| Median 12 month | -5.38% | -6.28% |
| Median 3 years | -0.81% | 0.6% |
| Median 5 years | 27.33% | 26.58% |
| 10 years average annual | 6.59% | 5.55% |
| Weekly media advert. rent | $450 | $430 |
| Time on Market | 63.6 days | 121.8 days |
| Gross Rental Yield Percent | 3.8% | 4.47% |
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