Market snapshot
Suburb insights for Cranbourne West3977
Change suburbCranbourne West is located 41 km south-east of the CBD. Cranbourne West is located on the fringe of Melbourne's south-east combining new residential subdivsions with older rural residential areas. Like many new growth suburbs Cranbourne West is dominated by young families. It is a suburb that will grow significantly in the future. Cranbourne West also features the Royal Botanic Gardens Cranbourne and the Cranbourne Equine Hospital.
Sales data
Median sale price
$682k
Quarterly price change
-2.6%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Cranbourne West | Metro comparison |
|---|---|---|
| 2 | - | $902,500 |
| 3 | $633,000 | $810,000 |
| 4 | $755,000 | $955,000 |
| Insight | Cranbourne West | Metro comparison |
|---|---|---|
| Clearance rate | 73.8% | |
| Days on market | 31 | 42 |
Rental data
Median weekly rent
$550
Rental yield
4.1%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Cranbourne West | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $510 | $540 |
| 4 | $600 | $580 |
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