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.
Property investments in CRANBOURNE NORTH fare well against the rest of the country last year, registering a median home price increase of 15.97%.
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.
This means, real estate investors could earn a rental income of $330 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 13.5 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 $417,500
Investors saw the median home price rise to $417,500.
CRANBOURNE NORTH ranks 156th on the list of best yielding suburbs for rental properties in VIC, posting a 4.11% return.
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