Market snapshot
Suburb insights for Cranbourne North3977
Change suburbCranbourne North is located 41 km south-east of the CBD. Cranbourne North is a new suburb that features a young population predominately comprised of families. It is currently undergoing significant population growth on the tail of the rapid residential development. The suburb features a number of parks and reserves including Merinda Park as well as the Cranbourne Golf Club and the Thompson Parkway Shopping Centre. A high proportion (26%) of the suburb's labour force are employed in the manufacturing sector.
Sales data
Median sale price
$720k
Quarterly price change
1%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Cranbourne North | Metro comparison |
|---|---|---|
| 2 | - | $902,500 |
| 3 | $660,000 | $810,000 |
| 4 | $780,000 | $955,000 |
| Insight | Cranbourne North | Metro comparison |
|---|---|---|
| Clearance rate | 73.8% | |
| Days on market | 34 | 42 |
Rental data
Median weekly rent
$550
Rental yield
4%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Cranbourne North | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $520 | $540 |
| 4 | $590 | $580 |
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