Cranbourne North

POSTAL CODE: VIC, 3977

HOUSE

UNIT

Property investors have seen a 1.54% 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 $760,000

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 4%.

An average of 33.5 real estate transactions take place per month in CRANBOURNE NORTH which translates to 402 per annum.

Property investments in CRANBOURNE NORTH fare well against the rest of the country last year, registering a median home price increase 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 44.9 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 87th on the list of best yielding suburbs for rental properties in VIC, posting a 5.1% return.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...