Market snapshot
Suburb insights for Cranbourne3977
Change suburbCranbourne, approximately 43 km southeast of the Melbourne CBD, is a large and well-established suburb that offers a mix of older homes and new estates. With a wide range of schools, shops, sporting clubs, and the Cranbourne Botanic Gardens, it serves as a central hub in the City of Casey, catering to a diverse and growing population.
Sales data
Median sale price
$715k
Quarterly price change
-0.7%
Metro Melbourne Comparison
$943k
-0.7%
| Bedrooms | Cranbourne | Metro comparison |
|---|---|---|
| 2 | $556,250 | $930,500 |
| 3 | $689,500 | $870,000 |
| 4 | $810,000 | $990,000 |
| Insight | Cranbourne | Metro comparison |
|---|---|---|
| Clearance rate | 69.4% | |
| Days on market | 28 | 45 |
Rental data
Median weekly rent
$550
Rental yield
4%
Metro Melbourne Comparison
$590
3.2%
| Bedrooms | Cranbourne | Metro comparison |
|---|---|---|
| 2 | $483 | $615 |
| 3 | $533 | $570 |
| 4 | $600 | $600 |
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