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.
Sales data
Median sale price
$756k
Quarterly price change
2.6%
Metro Melbourne Comparison
$924k
0.4%
| Bedrooms | Cranbourne North | Metro comparison |
|---|---|---|
| 2 | - | $890,000 |
| 3 | $670,053 | $815,000 |
| 4 | $768,000 | $950,000 |
| Insight | Cranbourne North | Metro comparison |
|---|---|---|
| Clearance rate | 79.5% | |
| Days on market | 35 | 39 |
Rental data
Median weekly rent
$590
Rental yield
4.2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Cranbourne North | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $550 | $550 |
| 4 | $620 | $600 |
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