AREA REPORTS

Cranbourne West

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 13.35% 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 63.64% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $367.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $367.5 mark, reflecting a 3.54% increase in returns based on the current median price in CRANBOURNE WEST.

CRANBOURNE WEST, 3977 ranks 212th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 231st on the list of best yielding suburbs for rental properties in VIC, posting a 3.54% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $540,000 $393,000
GROWTH REPORT
Median Quarterly 1.74% -0.51%
Median 12 month 13.35% 3.01%
Median 3 years 63.64% 10.08%
Median 5 years 66% 62.4%
10 years average annual 8.27% 9.03%
Weekly media advert. rent $367.5 $340
Time on Market 31.1 days 0.0 days
Gross Rental Yield Percent 3.54% 4.5%
demographics (median values)
Total Population
7278
Weekly Household Income
1021
Household Size
3.00
demographics
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