Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
Property investments in CRANBOURNE EAST fare well against the rest of the country last year, registering a median home price increase of 5.56%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains CRANBOURNE EAST, 3977 saw average growth in the long term.
Real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 47.9 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $570,000.
CRANBOURNE EAST ranks 252nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.65% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $570,000 | $440,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.87% | 0% |
| Median 12 month | 5.56% | 7.32% |
| Median 3 years | 33.49% | 16.09% |
| Median 5 years | 46.72% | 38.8% |
| 10 years average annual | 6.99% | 2.84% |
| Weekly media advert. rent | $400 | $345 |
| Time on Market | 47.9 days | 0.0 days |
| Gross Rental Yield Percent | 3.65% | 4.08% |
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
An issue with apartment towers in Sydney’s inner south has seen its residents evacuated and has highlighted the need for investors to keep...
New data has found which suburbs in some of Australia’s major capital cities are most suitable for subdivision, with the claims that doing...
The latest weekly property market data has shown even further signs of value stabilisation across the country, with all major capital cities...
There is a group who rarely get the recognition they deserve. In fact, they’ve become a demographic football that’s been kicked around ...
Winter – time for woolly jumpers, snuggly blankets, hot chocolate and nights by the fire… But it is also the time of year when cocooning...
Get notifications in real-time for staying up to date with content that matters to you.