Suburb Profile Report for Cranbourne North VIC (3977)

Cranbourne North House: Median price $445,000, Annual capital growth 7.47%, Number of sales 407, Weekly median advertised rent $360

Cranbourne North Unit: Median price $330,775, Annual capital growth 6.47%, Number of sales 24, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Cranbourne North, 3977 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.58%

Over the longer term, Cranbourne North has seen property prices show investors a 23.27% return over the last 3 years. This is worse than over the last 12 months

Cranbourne North3977 is located in VIC which offers an average discount of -6.03% to property investors. Cranbourne North itself is showing figures that indicate -7.55% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 33.92 sales per month, which equates to 407 per year.

At number 551th 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 7.05% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Cranbourne North comes in at number 56th in VIC.

Property buyers and investors in Cranbourne North 3977 should be seeing an average reduction in asking price of around -10.73% . This means that Cranbourne North is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Cranbourne North the average time real estate has been on the market is 97.17 days.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.03%, without taking into account capital value appreciation, which has been averaging out at 6.47%.

HOUSE UNIT
$445,000 $330,775
3.49% 2.96%
15.58% 7.05%
7.47% 6.47%
$360 $320
407 24
4.21% 5.03%
45.76 97.17

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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
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