Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors enjoyed capital gains of 24.44% over the last 12 months in CRIB POINT, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 8.21% growth over a ten-year period. It ranks 435th on our list of suburbs that property investors should look into.
CRIB POINT, 3919 has a capital gain of 24.44% for the past year, which is higher than average compared to its 72.09% growth within a five-year period.
With the median home price in CRIB POINT sitting at $555,000, and the average rent at $350, property owners could potentially earn a 3.28% increase in gross rental yield.
A 24.44% increase in median property prices in CRIB POINT, 3919 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 45th.
Figures from the previous quarter show that capital gains for real estate buyers in CRIB POINT are low, as opposed to average gains per annum over the past five years.
CRIB POINT, 3919 in VIC belongs to the local government area of Mornington Peninsula.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $555,000 | $397,500 |
| GROWTH REPORT | ||
| Median Quarterly | 8.82% | 5.16% |
| Median 12 month | 24.44% | 28.23% |
| Median 3 years | 67.42% | 47.22% |
| Median 5 years | 72.09% | 41.96% |
| 10 years average annual | 8.21% | 5.74% |
| Weekly media advert. rent | $350 | $340 |
| Time on Market | 41.8 days | 45.0 days |
| Gross Rental Yield Percent | 3.28% | 4.45% |
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