Suburb Profile Report for Cranbourne VIC (3977)

Cranbourne House: Median price $469,945, Annual capital growth 7.72%, Number of sales 391, Weekly median advertised rent $340

Cranbourne Unit: Median price $318,500, Annual capital growth 5.79%, Number of sales 67, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Cranbourne, 3977 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 21.91%.

If we look at median property appreciation over just the last three months, Cranbourne has given property investors a paper return of 7.66%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in VIC

Cranbourne3977 is located in VIC which offers an average discount of -5.26% to property investors. Cranbourne itself is showing figures that indicate -4.33% is the average achievable by property buyers investing in the suburb.

Cranbourne, 3977’s gross rental yield is 3.76%

Property investors who have had real estate in Cranbourne, 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 13.75%

Taking the average capital gain, or increase in median house value, Cranbourne,3977 has racked up an average of 13.75% over the period. This ranks it number 541th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Cranbourne should be aiming for at least -3.53% off the asking price, which is the average vendor discount being achieved at the moment.

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

Metrics i HOUSE UNIT
$469,945 $318,500
7.66% 6.17%
21.91% 13.75%
7.72% 5.79%
$340 $295
391 67
3.76% 4.82%
33.06 34.89

Source: CoreLogic

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