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Cranbourne West

Suburb Profile

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

house
unit

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 3.89% increase in returns based on the current median price in CRANBOURNE WEST.

CRANBOURNE WEST, 3977 ranks 444th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 224th on the list of best yielding suburbs for rental properties in VIC, posting a 3.89% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $521,000 $388,000
GROWTH REPORT
Median Quarterly 0.19% 0.78%
Median 12 month -4.01% 2.78%
Median 3 years 28.48% 2.37%
Median 5 years 56.46% 26.8%
10 years average annual 6.71% 8.5%
Weekly media advert. rent $390 $350
Time on Market 58.3 days 81.8 days
Gross Rental Yield Percent 3.89% 4.69%
demographics (median values)
Total Population
7278
Weekly Household Income
1021
Household Size
3.00
demographics
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