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
$715k
Quarterly price change
1.9%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Cranbourne West | Metro comparison |
|---|---|---|
| 2 | - | $881,200 |
| 3 | $640,000 | $810,000 |
| 4 | $777,500 | $942,350 |
| Insight | Cranbourne West | Metro comparison |
|---|---|---|
| Clearance rate | 78.5% | |
| Days on market | 38 | 42 |
Rental data
Median weekly rent
$570
Rental yield
4.2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Cranbourne West | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $550 | $550 |
| 4 | $620 | $600 |
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