Market snapshot
Suburb insights for Cranbourne3977
Change suburbCranbourne, approximately 43 km southeast of the Melbourne CBD, is a large and well-established suburb that offers a mix of older homes and new estates. With a wide range of schools, shops, sporting clubs, and the Cranbourne Botanic Gardens, it serves as a central hub in the City of Casey, catering to a diverse and growing population.
Sales data
Median sale price
$690k
Quarterly price change
1.1%
Metro Melbourne Comparison
$924k
0.4%
| Bedrooms | Cranbourne | Metro comparison |
|---|---|---|
| 2 | $525,000 | $890,000 |
| 3 | $640,000 | $815,000 |
| 4 | $776,250 | $950,000 |
| Insight | Cranbourne | Metro comparison |
|---|---|---|
| Clearance rate | 79.5% | |
| Days on market | 37 | 39 |
Rental data
Median weekly rent
$525
Rental yield
4.1%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Cranbourne | Metro comparison |
|---|---|---|
| 2 | $465 | $580 |
| 3 | $515 | $550 |
| 4 | $620 | $600 |
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