Suburb Profile Report for Cranbourne VIC (3977)

Cranbourne House: Median price $540,000, Annual capital growth 7.64%, Number of sales 332, Weekly median advertised rent $360

Cranbourne Unit: Median price $392,500, Annual capital growth 6.81%, Number of sales 82, Weekly median advertised rent $320

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

Property value increases in Cranbourne have tracked just higher than the VIC average of 6.28% over the last 12 months.

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

At number 428th of VIC’s most discounted properties, Cranbourne is in the TOP 40% 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 41.81 days.

Cranbourne, 3977’s gross rental yield is 3.47%

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 15.10%

When looking at the potential capital gains offered to property investors over the last 3 years, Cranbourne comes in at number 37th in VIC.

Property buyers and investors in Cranbourne 3977 should be seeing an average reduction in asking price of around -3.46% . This means that Cranbourne is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $16640 per annum or $320 every week.

Metrics i HOUSE UNIT
$540,000 $392,500
-0.92% 2.48%
10.20% 15.10%
7.64% 6.81%
$360 $320
332 82
3.47% 4.24%
41.81 40.75

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Above average (H), Very 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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