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.
CRANBOURNE WEST, 3977 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 $352,750.
Profits due to an downward trend in home prices in CRANBOURNE WEST, 3977 averaged -0.4% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $340 based on current median home prices for the suburb.
The gross rental yield in CRANBOURNE WEST, 3977 is 5.01%.
An average of 0.83 real estate transactions take place per month in CRANBOURNE WEST which translates to 10 per annum.
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