VIC/
Cranbourne west

Suburb Profile

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

house

Property investors enjoyed capital gains of 22.72% 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 44.7% 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 3.86% increase in returns based on the current median price in CRANBOURNE WEST.

CRANBOURNE WEST, 3977 ranks 75th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 234th on the list of best yielding suburbs for rental properties in VIC, posting a 3.86% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $484,750 N/A
GROWTH REPORT
Median Quarterly 5.38% N/A
Median 12 month 22.72% N/A
Median 3 years 44.7% N/A
Median 5 years 52.87% N/A
10 years average annual 7.95% N/A
Weekly media advert. rent $360 N/A
Time on Market 26.2 days N/A
Gross Rental Yield Percent 3.86% N/A
demographics (median values)
Total Population
7278
Weekly Household Income
1021
Household Size
3.00
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