Suburb Profile Report for Cranbourne West VIC (3977)

Cranbourne West House: Median price $452,501, Annual capital growth 7.35%, Number of sales 320, Weekly median advertised rent $350

Cranbourne West Unit: Median price $359,000, Annual capital growth 8.53%, Number of sales 11, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 498th in the list of Australian suburbs ordered by increase in median house value over the last year, Cranbourne West, 3977 is in the top 20% with a property value increase of 18.22% recorded in median house prices.

Across a shorter period, Cranbourne West, 3977 has seen a median price increase of 3.08% over the last quarter.

Cranbourne West3977 is located in VIC which offers an average discount of -5.53% to property investors. Cranbourne West itself is showing figures that indicate -3.90% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Cranbourne West have been waiting around 31.26 days to sell a property.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

With a capital gain of 4.97% for the last 12 months, Cranbourne West, 3977 has performed for property investments than its average annual 8.53% property growth over the last 5 years.

Using the current median advertised rental of $335 and the average annual increase in value of a median property of 8.53%, investors should hope to achieve an overall return of 4.85%

Metrics i HOUSE UNIT
$452,501 $359,000
3.08% 2.43%
18.22% 4.97%
7.35% 8.53%
$350 $335
320 11
4.02% 4.85%
31.26 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8743
Median household income ($/weekly) 1204
Median age of persons 29
Median housing loan repayment ($/monthly) 1646
Average household size 3
  • Census Count Percent(%)
    0-4 years 956 10.9
    5-14 years 1424 16.3
    25-34 years 1691 19.3
    35-44 years 1419 16.2
    45-54 years 990 11.3
    Others 2263 25.9
    Age Group
    Census Count Percent(%)
    Registered Married 2753 46.1
    Not Married 2532 42.4
    Defacto Relationship 691 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5656 67.6
    Indonesia 434 5.2
    Papua New Guinea 433 5.2
    United Kingdom 296 3.5
    Other 685 8.2
    Others 858 10.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 294 3.7
    Christianity 4833 61.0
    Hinduism 343 4.3
    Islam 307 3.9
    No Religion 1991 25.1
    Others 155 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 260 10.5
    $800-$999 291 11.7
    $1,000-$1,249 363 14.6
    $1,250-$1,499 315 12.7
    $1,500-$1,999 433 17.4
    Others 821 33.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2649 43.6
    Not in the labour force 1783 29.3
    Employed, worked part-time 1077 17.7
    Unemployed, looking for work 321 5.3
    Employed, away from work 250 4.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 696 17.5
    Community & personal service workers 394 9.9
    Clerical & administrative workers 574 14.4
    Machinery operators & drivers 631 15.9
    Labourers 637 16.0
    Others 1045 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 193 8.8
    Infants/Primary 909 41.3
    Secondary 626 28.4
    Technical or Further Educational Institution 223 10.1
    University or other Tertiary Institutions 154 7.0
    Others 97 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8299 98.5
    Flat, unit or apartment 109 1.3
    Semi-detached, row or terrace house, townhouse 19 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1696 62.5
    Rented 698 25.7
    Fully owned 310 11.4
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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