Suburb Profile Report for Cranbourne North VIC (3977)

Cranbourne North House: Median price $455,000, Annual capital growth 7.69%, Number of sales 464, Weekly median advertised rent $360

Cranbourne North Unit: Median price $337,556, Annual capital growth 6.52%, Number of sales 20, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

Cranbourne North is in the TOP 30% in VIC when comparing median price capital growth over the last year. Cranbourne North gave property investors a good capital gain figure when compared to the rest of the state, with 13.75%.

When looking at the potential capital gains offered to property investors over the last 3 years, Cranbourne North comes in at number 383th in VIC.

Property buyers and investors in Cranbourne North 3977 should be seeing an average reduction in asking price of around -8.36% . This means that Cranbourne North is holding prices well when compared to other suburbs in VIC.

In the last year 464 properties changed hands in Cranbourne North, which puts it as the 17th most active market in VIC when comparing the number of sales per suburb.

Situated 38.27km from the CBD, Cranbourne North is one of Casey localities in the postcode 3977.

At number 722th 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 4.67% recorded in median house prices.

Across a shorter period, Cranbourne North, 3977 has seen a median price increase of 0.76% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Cranbourne North itself are offering an average vendor discount of -13.44% to real estate investors.

The VIC suburb of Cranbourne North, 3977 is in the Casey local government area.

Metrics i HOUSE UNIT
$455,000 $337,556
2.25% 0.76%
13.75% 4.67%
7.69% 6.52%
$360 $325
464 20
4.11% 5.01%
41.86 83.35

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Cranbourne North VIC
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