Cranbourne North

POSTAL CODE: VIC, 3977

HOUSE

UNIT

Property investors have seen a 1.16% gain in CRANBOURNE NORTH based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains CRANBOURNE NORTH, 3977 saw average growth in the long term.

The VIC 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 $761,500

Profits averaged 2.33% per annum over a 3-year period, due to an upward trend in home prices in CRANBOURNE NORTH, 3977.

This means, real estate investors could earn a rental income of $585 based on current median home prices for the suburb.

The gross rental yield in CRANBOURNE NORTH, 3977 is 3.99%.

An average of 33.67 real estate transactions take place per month in CRANBOURNE NORTH which translates to 404 per annum.

Property investments in CRANBOURNE NORTH did not fare well against the rest of the country last year, registering a median home price decrease of 6%.

Figures from the previous quarter show that capital gains for real estate buyers in CRANBOURNE NORTH 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 NORTH, 3977 saw average growth in the long term.

This means, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In CRANBOURNE NORTH, homes and units usually stay on listing for an average of 36.6 days.

the VIC 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 $530,000

Investors saw the median home price rise to $530,000.

CRANBOURNE NORTH ranks 86th on the list of best yielding suburbs for rental properties in VIC, posting a 5.1% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$761,500	$530,000
Growth Report
Median Quarterly	1.16%	1.92%
Median 12 month	5.76%	6%
Median 3 years	7.25%	6%
Median 5 years	30.56%	26.95%
10 years average annual	7.18%	5.2%
Weekly media advert. rent	$585	$520
Time on Market	38.9 days	36.6 days
Gross Rental Yield Percent	3.99%	5.1%

Demographics (Median Values)*

Total Population 93326

Weekly Household Income 1560

Household Size 3.00

Average Age 32

Monthly Loan Repayment 1768

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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