AREA REPORTS

Cranbourne North

 

 

VIC/
Cranbourne north

Suburb Profile

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

house
unit

Property investors have seen a 0.17% 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 11.51%.

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 $591,000

Profits averaged 17.84% 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 $400 based on current median home prices for the suburb.

The gross rental yield in CRANBOURNE NORTH, 3977 is 3.52%.

An average of 33 real estate transactions take place per month in CRANBOURNE NORTH which translates to 396 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $591,000 $398,750
GROWTH REPORT
Median Quarterly 0.17% -3.92%
Median 12 month 11.51% -0.81%
Median 3 years 53.51% 16.59%
Median 5 years 64.1% 53.37%
10 years average annual 8.59% 5.49%
Weekly media advert. rent $400 $330
Time on Market 41.9 days 30.2 days
Gross Rental Yield Percent 3.52% 4.3%
demographics (median values)
Total Population
9714
Weekly Household Income
1045
Household Size
2.90
demographics
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