Profile for Cranbourne

3977

Cranbourne is located 43 km south-east of the CBD. Cranbourne is one of the older settlements located in the Melbourne's south-eastern growth corridor. It is the terminus of the suburban railway line from Dandenong and is the last major suburb on the South Gippsland Highway before reaching Gippsland. The suburb boasts a significant commercial area along High St including the Cranbourne Park Shopping Centre. Cranbourne also features the Cranbourne Racecourse and Recreation Reserve and the Amstel Golf Club.

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Median data for December Quarter 2023. Click here for details.

Median Sale Price

$670k

Metro Melbourne

$909k

Quarterly Price Change

-1.7%

Metro Melbourne

-2.2%

Median Rent

$475

Metro Melbourne

$550

Rental Yield

3.7%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 72.5%
Days on Market 31 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms $615,500 $815,000
4 Bedrooms $730,000 $970,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $400 $540
3 Bedrooms $460 $500
4 Bedrooms $550 $560

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$541k

Metro Melbourne

$633k

Quarterly Price Change

27.3%

Metro Melbourne

-0.1%

Median Rent

$400

Metro Melbourne

$500

Rental Yield

4.6%

Metro Melbourne

4.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 72.5%
Days on Market 31 40
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $430,000 $600,000
3 Bedrooms $555,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $420
2 Bedrooms $380 $520
3 Bedrooms $440 $600

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