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 June Quarter 2022. Click here for details.

Median Sale Price

$675k

Metro Melbourne

$1.08m

Quarterly Price Change

-1.5%

Metro Melbourne

-2.9%

Median Rent

$390

Metro Melbourne

$490

Rental Yield

3.1%

Metro Melbourne

2.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 70.7%
Days on Market 20.5 34
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $1,075,000
3 Bedrooms $620,000 $947,000
4 Bedrooms $795,000 $1,200,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms $385 $460
4 Bedrooms n/a $525

Median data for June Quarter 2022. Click here for details.

Median Sale Price

$495k

Metro Melbourne

$671k

Annual Price Change

15%

Metro Melbourne

3.2%

Median Rent

$360

Metro Melbourne

$420

Rental Yield

4.1%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 70.7%
Days on Market 20.5 34
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $390,000
2 Bedrooms $448,750 $630,000
3 Bedrooms n/a $880,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $340
2 Bedrooms $350 $425
3 Bedrooms $385 $540

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