Suburb Profile Report for Cranbourne VIC (3977)

Cranbourne House: Median price $382,500, Annual capital growth 5.84%, Number of sales 340, Weekly median advertised rent $330

Cranbourne Unit: Median price $280,250, Annual capital growth 4.94%, Number of sales 102, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

Cranbourne, 3977 ranked 265th in VIC when comparing growth in median property values or capital gain over the last 12 months. Cranbourne is one of 2098 in our list for VIC

Comparing Cranbourne,3977 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 526th of VIC’s most discounted properties, Cranbourne is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Cranbourne the average time real estate has been on the market is 36.45 days.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

VIC has seen average median house prices change by 3.56% which means that Cranbourne, 3977 has done well for property investors by showing a capital gain of 0.09% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cranbourne has increased when compared to the 5 year average annual rate.

Property buyers and investors in Cranbourne 3977 should be seeing an average reduction in asking price of around -5.92% . This means that Cranbourne is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Cranbourne the average time real estate has been on the market is 53.94 days.

HOUSE UNIT
$382,500 $280,250
3.38% 0.09%
10.87% 0.09%
5.84% 4.94%
$330 $285
340 102
4.49% 5.29%
36.45 53.94

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
Find a mortgage broker in Cranbourne VIC
Demographics
Total population 18621
Median household income ($/weekly) 1070
Median age of persons 33
Median housing loan repayment ($/monthly) 1567
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2527 13.6
    25-34 years 2881 15.5
    35-44 years 2721 14.6
    45-54 years 2473 13.3
    55-64 years 1972 10.6
    Others 6049 32.5
    Age Group
    Census Count Percent(%)
    Not Married 6214 45.8
    Registered Married 5996 44.2
    Defacto Relationship 1347 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 12584 71.5
    Indonesia 542 3.1
    Papua New Guinea 604 3.4
    United Kingdom 968 5.5
    Other 1143 6.5
    Others 1752 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 401 2.4
    Christianity 10586 63.6
    Hinduism 394 2.4
    Islam 514 3.1
    No Religion 4509 27.1
    Others 235 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 666 11.4
    $600-$799 621 10.6
    $800-$999 651 11.2
    $1,000-$1,249 676 11.6
    $1,500-$1,999 824 14.1
    Others 2394 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5547 40.3
    Not in the labour force 4636 33.7
    Employed, worked part-time 2374 17.2
    Unemployed, looking for work 663 4.8
    Employed, away from work 554 4.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1540 18.2
    Clerical & administrative workers 1298 15.3
    Sales 903 10.7
    Machinery operators & drivers 1143 13.5
    Labourers 1203 14.2
    Others 2388 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 321 7.8
    Infants/Primary 1503 36.4
    Secondary 1255 30.4
    Technical or Further Educational Institution 526 12.8
    University or other Tertiary Institutions 330 8.0
    Others 189 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15625 88.3
    Flat, unit or apartment 1511 8.5
    Semi-detached, row or terrace house, townhouse 548 3.1
    House or flat attached to a shop, office 15 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2988 47.0
    Rented 1797 28.3
    Fully owned 1535 24.1
    Other tenure type 38 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals