The suburb’s capital gain of -3.39% for the past year is lower than average compared to its -12.86% growth within a five-year period.
Also in CRANBROOK, the median home price is sitting at $271,000, and the average rent at $290, this suggests property owners could potentially earn a 5.56% increase in gross rental yield.
Property investors have seen a 0.74% gain in CRANBROOK 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 -0.5% decrease over a ten-year period. It ranks 4110th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-3.39%||N/A|
|Median 3 years||-9.67%||N/A|
|Median 5 years||-12.86%||N/A|
|10 years average annual||-0.5%||N/A|
|Weekly media advert. rent||$290||N/A|
|Time on Market||102.5 days||N/A|
|Gross Rental Yield Percent||5.56%||N/A|