Market snapshot

Suburb insights for Cranbourne North3977

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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
$756k
Quarterly price change
2.6%
Metro Melbourne Comparison
$924k
0.4%
BedroomsCranbourne NorthMetro comparison
2-$890,000
3$670,053$815,000
4$768,000$950,000
InsightCranbourne NorthMetro comparison
Clearance rate79.5%
Days on market3539

Rental data

Median weekly rent
$590
Rental yield
4.2%
Metro Melbourne Comparison
$580
3.3%
BedroomsCranbourne NorthMetro comparison
2-$580
3$550$550
4$620$600
Median data for the current quarter
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