Property investors have seen a 6.38% 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 16.28%.
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 $500,000
Profits averaged 12.96% 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 3.85%.
An average of 39.75 real estate transactions take place per month in CRANBOURNE NORTH which translates to 477 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.28%||17.83%|
|Median 3 years||38.89%||7.04%|
|Median 5 years||42.47%||35.71%|
|10 years average annual||8.38%||7.64%|
|Weekly media advert. rent||$370||$325|
|Time on Market||32.5 days||0.0 days|
|Gross Rental Yield Percent||3.85%||4.45%|