Vacancy rates hold steady
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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.
This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
On average, rents on listings have reached the $390 mark, reflecting a 3.88% increase in returns based on the current median price in CRANBOURNE WEST.
CRANBOURNE WEST, 3977 ranks 558th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 211th on the list of best yielding suburbs for rental properties in VIC, posting a 3.88% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $523,000 | $387,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.58% | 0.65% |
| Median 12 month | -2.43% | 0.65% |
| Median 3 years | 18.86% | 2.24% |
| Median 5 years | 63.43% | 8.54% |
| 10 years average annual | 6.39% | 9.07% |
| Weekly media advert. rent | $390 | $360 |
| Time on Market | 51.9 days | 37.8 days |
| Gross Rental Yield Percent | 3.88% | 4.83% |
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