Market snapshot

Suburb insights for Cranbourne North3977

Change suburb

Cranbourne 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
$718k
Quarterly price change
1.4%
Metro Melbourne Comparison
$929k
2%
BedroomsCranbourne NorthMetro comparison
2-$920,000
3$655,000$810,000
4$775,875$965,000
InsightCranbourne NorthMetro comparison
Clearance rate75.3%
Days on market3540

Rental data

Median weekly rent
$530
Rental yield
3.9%
Metro Melbourne Comparison
$550
3.1%
BedroomsCranbourne NorthMetro comparison
2-$550
3$490$520
4$565$575
Median data for the current quarter

Find a REIV member

Real estate professionals in your area with the right skills, the best knowledge and proven expertise.