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.
Recent sales and auction results in Cranbourne North
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 24 Wilkiea Cr, Cranbourne north | 4 |  | House (Res) | Passed in at Auction | 20/12/2024 | Sultani Real Estate | View |
Sales data
Median sale price
$710k
Quarterly price change
-1.4%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Cranbourne North | Metro comparison |
|---|---|---|
| 2 | - | $902,000 |
| 3 | $660,000 | $807,500 |
| 4 | $776,250 | $950,000 |
| Insight | Cranbourne North | Metro comparison |
|---|---|---|
| Clearance rate | 73.3% | |
| Days on market | 34 | 42 |
Rental data
Median weekly rent
$550
Rental yield
4%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Cranbourne North | Metro comparison |
|---|---|---|
| 2 | - | $560 |
| 3 | $528 | $550 |
| 4 | $600 | $595 |
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