VIC/
Cranbourne west

Suburb Profile

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

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unit

Property investors enjoyed capital gains of 21.63% over the last 12 months in CRANBOURNE WEST, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in CRANBOURNE WEST are low, as opposed to average gains per annum over the past five years.

The suburb posted a 59.45% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.

On average, rents on listings have reached the $360 mark, reflecting a 3.58% increase in returns based on the current median price in CRANBOURNE WEST.

CRANBOURNE WEST, 3977 ranks 93rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 248th on the list of best yielding suburbs for rental properties in VIC, posting a 3.58% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $523,000 $352,750
GROWTH REPORT
Median Quarterly 3.56% N/A
Median 12 month 21.63% -1.74%
Median 3 years 59.45% -1.19%
Median 5 years 63.44% 50.11%
10 years average annual 8.35% 3.12%
Weekly media advert. rent $360 $340
Time on Market 24.0 days 0.0 days
Gross Rental Yield Percent 3.58% 5.01%
demographics (median values)
Total Population
7278
Weekly Household Income
1021
Household Size
3.00
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Cranbourne West, VIC
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