Suburb Profile Report for Cranbourne VIC (3977)

Cranbourne House: Median price $404,250, Annual capital growth 6.22%, Number of sales 384, Weekly median advertised rent $330

Cranbourne Unit: Median price $284,000, Annual capital growth 5.39%, Number of sales 104, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Cranbourne have tracked higher than the VIC average of 8.06% over the last 12 months.

While Cranbourne,3977 ranked number 165th in VIC for increase in median house value (annualised) increase, it is ranked 338th over the last 5 years.

Cranbourne, 3977 is offering VIC ‘s 399th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Often selling an investment property can take time, and in Cranbourne the average time real estate has been on the market is 36.31 days.

Cranbourne, 3977’s gross rental yield is 4.24%

Cranbourne is in the bottom 40% in VIC when comparing median price capital growth over the last year. Cranbourne gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.71%.

If we look at median property appreciation over just the last three months, Cranbourne has given property investors a paper return of 1.43%. This puts Suburb as 133 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Cranbourne 3977 should be seeing an average reduction in asking price of around -5.46% . 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 55.16 days.

HOUSE UNIT
$404,250 $284,000
4.46% 1.43%
15.17% 0.71%
6.22% 5.39%
$330 $290
384 104
4.24% 5.31%
36.31 55.16

Source: CoreLogic

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