The suburb’s capital gain of 9.09% for the past year is lower than average compared to its 80.33% growth within a five-year period.
Also in CRANEBROOK, the median home price is sitting at $660,000, and the average rent at $450, this suggests property owners could potentially earn a 3.55% increase in gross rental yield.
Property investors have seen a 3.13% 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 7.67% growth over a ten-year period. It ranks 683rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.09%||10.95%|
|Median 3 years||40.13%||36.18%|
|Median 5 years||80.33%||54.89%|
|10 years average annual||7.67%||7.75%|
|Weekly media advert. rent||$450||$410|
|Time on Market||36.0 days||19.3 days|
|Gross Rental Yield Percent||3.55%||4.05%|