Suburb Profile Report for Cranbourne North VIC (3977)

Cranbourne North House: Median price $458,250, Annual capital growth 7.79%, Number of sales 445, Weekly median advertised rent $360

Cranbourne North Unit: Median price $339,000, Annual capital growth 6.43%, Number of sales 16, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Cranbourne North have tracked just higher than the VIC average of 9.04% over the last 12 months.

Cranbourne North,3977 has offered an average of 11.77% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cranbourne North, 3977. Typically our figures indicate that -8.74% is being offered, which puts this VIC suburb at 569th most discounted overall in Australia.

On average over the past year, suburb has had 37.08 sales per month, which equates to 445 per year.

Advertised rents are around the $360 mark per week – giving a return of 4.09% based on the median price in Suburb

At number 666th in the list of Australian suburbs ordered by increase in median house value over the last year, Cranbourne North, 3977 is in the top 40% with a property value increase of 5.12% recorded in median house prices.

The five-year average increase in median property values for Cranbourne North,3977 has given property investors a potential capital gain of 20.43% across each of those five years.

Cranbourne North, 3977 is offering VIC ‘s 36th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

Situated 37.30km from the CBD, Cranbourne North is one of Casey localities in the postcode 3977.

Metrics i HOUSE UNIT
$458,250 $339,000
2.98% 1.19%
11.77% 5.12%
7.79% 6.43%
$360 $320
445 16
4.09% 4.91%
41.14 42.91

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