The suburb’s capital gain of -5.61% for the past year is lower than average compared to its -16.54% growth within a five-year period.
Also in CRANBROOK, the median home price is sitting at $259,562, and the average rent at $295, this suggests property owners could potentially earn a 5.91% increase in gross rental yield.
Property investors have seen a -3.51% drop in CRANBROOK 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 -1.68% decrease over a ten-year period. It ranks 3994th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-5.61%||N/A|
|Median 3 years||-10.5%||N/A|
|Median 5 years||-16.54%||N/A|
|10 years average annual||-1.68%||N/A|
|Weekly media advert. rent||$295||N/A|
|Time on Market||96.0 days||N/A|
|Gross Rental Yield Percent||5.91%||N/A|