Suburb Profile Report for Cranbourne North VIC (3977)

Cranbourne North House: Median price $441,000, Annual capital growth 7.24%, Number of sales 404, Weekly median advertised rent $360

Cranbourne North Unit: Median price $323,750, Annual capital growth 6.21%, Number of sales 26, Weekly median advertised rent $310

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Cranbourne North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.05%

The five-year average increase in median property values for Cranbourne North,3977 has given property investors a potential capital gain of 22.50% across each of those five years.

Our latest figures would indicate that property sellers in Cranbourne North are currently offering property investors an average price cut of -6.81% below the asking price at the moment.

At number 734th in the list of Australian suburbs ordered by increase in median house value over the last year, Cranbourne North, 3977 is in the top half with a property value increase of 4.44% recorded in median house prices.

While Cranbourne North,3977 ranked number 103th in VIC for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.

Property investors looking for a bargain in Cranbourne North should be aiming for at least -8.89% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Cranbourne North being $323750 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.98%

HOUSE UNIT
$441,000 $323,750
2.56% 1.97%
16.05% 4.44%
7.24% 6.21%
$360 $310
404 26
4.24% 4.98%
45.84 92.31

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 14571
Median household income ($/weekly) 1355
Median age of persons 30
Median housing loan repayment ($/monthly) 1810
Average household size 3
  • Census Count Percent(%)
    0-4 years 1342 9.2
    5-14 years 2278 15.6
    25-34 years 2666 18.3
    35-44 years 2269 15.6
    45-54 years 1879 12.9
    Others 4137 28.4
    Age Group
    Census Count Percent(%)
    Registered Married 5134 49.6
    Not Married 4052 39.2
    Defacto Relationship 1163 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 9411 67.7
    Indonesia 626 4.5
    Sri Lanka 368 2.6
    United Kingdom 676 4.9
    Other 1181 8.5
    Others 1634 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 461 3.5
    Christianity 8090 61.1
    Hinduism 488 3.7
    Islam 692 5.2
    No Religion 3291 24.8
    Others 229 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 406 9.7
    $1,000-$1,249 493 11.7
    $1,250-$1,499 454 10.8
    $1,500-$1,999 744 17.7
    $2,000-$2,499 549 13.1
    Others 1554 37.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4805 45.8
    Not in the labour force 2903 27.7
    Employed, worked part-time 1878 17.9
    Unemployed, looking for work 468 4.5
    Employed, away from work 427 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 829 11.7
    Technicians & trades workers 1241 17.5
    Clerical & administrative workers 1161 16.3
    Machinery operators & drivers 846 11.9
    Labourers 799 11.2
    Others 2232 31.4
    Occupation
    Census Count Percent(%)
    Pre-school 291 8.0
    Infants/Primary 1366 37.6
    Secondary 1081 29.7
    Technical or Further Educational Institution 417 11.5
    University or other Tertiary Institutions 330 9.1
    Others 152 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13569 96.6
    Flat, unit or apartment 329 2.3
    Semi-detached, row or terrace house, townhouse 136 1.0
    House or flat attached to a shop, office 7 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2809 61.3
    Rented 968 21.1
    Fully owned 785 17.1
    Other tenure type 20 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals