VIC/
Cranbourne north

Suburb Profile

Cranbourne North - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3977

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unit

Property investors have seen a 4.07% gain in CRANBOURNE NORTH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on CRANBOURNE NORTH, 3977 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 23.25%.

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 $562,000

Profits averaged 17.99% 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 $370 based on current median home prices for the suburb.

The gross rental yield in CRANBOURNE NORTH, 3977 is 3.42%.

An average of 34.5 real estate transactions take place per month in CRANBOURNE NORTH which translates to 414 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $562,000 $417,500
GROWTH REPORT
Median Quarterly 4.07% 5.56%
Median 12 month 23.25% 15.97%
Median 3 years 53.97% 19.46%
Median 5 years 56.11% 49.37%
10 years average annual 8.47% 6.4%
Weekly media advert. rent $370 $330
Time on Market 26.6 days 13.5 days
Gross Rental Yield Percent 3.42% 4.11%
demographics (median values)
Total Population
9714
Weekly Household Income
1045
Household Size
2.90
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Cranbourne North, VIC
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