Suburb Profile Report for Cranbourne VIC (3977)

Cranbourne House: Median price $540,000, Annual capital growth 7.66%, Number of sales 353, Weekly median advertised rent $350

Cranbourne Unit: Median price $386,000, Annual capital growth 6.76%, Number of sales 88, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Cranbourne has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 21.35% to date .

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

Sellers are offering property buyers an average discount of -4.15% to buyers in Cranbourne at the moment, which is less than average for the rest of VIC.

In the last year 353 properties changed hands in Cranbourne, which puts it as the 32th most active market in VIC when comparing the number of sales per suburb.

Situated 42.09km from the CBD, Cranbourne is one of Casey localities in the postcode 3977.

Cranbourne has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 23.72% to date .

Cranbourne,3977 was ranked 246 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Cranbourne is offering property investors an average of -4.60. This rate of discount on properties puts Suburb at number 241th in terms of most discounted suburbs in VIC

Residents and property investors in Cranbourne have been waiting around 20.41 days to sell a property.

Cranbourne is 164th on a list of best yielding suburbs for rents in VIC with a 4.04% return

Metrics i HOUSE UNIT
$540,000 $386,000
1.22% 4.32%
21.35% 23.72%
7.66% 6.76%
$350 $300
353 88
3.37% 4.04%
30.76 20.41

Source: CoreLogic

DSR Score for property investment : Above average (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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