CRANBOURNE, 3977 ranks 258th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 24.03% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $480,000.
The upward trend in home prices in CRANBOURNE, 3977 averaged 15.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 3.68% increase in returns based on the current median price in CRANBOURNE.
An average of 33.5 real estate transactions take place per month in CRANBOURNE which translates to 402 per annum.
402 properties were sold in CRANBOURNE in 2016, making it the 186th most active market in VIC based on total real estate transactions.
CRANBOURNE, 3977 places 48th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.03%||17.21%|
|Median 3 years||47.69%||27.7%|
|Median 5 years||53.11%||31.81%|
|10 years average annual||7.96%||6.09%|
|Weekly media advert. rent||$340||$300|
|Time on Market||30.8 days||31.7 days|
|Gross Rental Yield Percent||3.68%||4.75%|