3977, Victoria

Real Estate & Property Information

Price Rank

cranbourne Suburb Profile & Review

Cranbourne is a steadily growing suburb in Melbourne's south-east. Families are being drawn to the new housing estates cropping up on old farmland.

Racing is a lively industry in the area and the Cranbourne Racecourse and Recreation Reserve features training facilities for racehorses and greyhounds, as well as several sporting fields for football and cricket. The walking trails at the Royal Botanical Gardens will keep you busy for hours, whether you want to soak up the atmosphere of the bush or birdwatch from the lookout tower. The Cranbourne Homemaker Centre complex houses a Harvey Norman, JB Hi Fi, Officeworks, and many other specialty stores. In the town centre, you will find over 100 well-known retail outlets at Centro Cranbourne.

There are ten primary schools and four high schools in Cranbourne, including the highly regarded Casey Grammar School. The Mornington Peninsula is a short drive away, while Cranbourne is the main stop-over point for holidaymakers on their way to Phillip Island, which is a little over an hour down the Bass Highway. Melbourne's city centre is an hour from Cranbourne Station.

cranbourne Demographic Data

$ 325,000 Median House Price

42 Minutes Average Commute

33 Median Age

18,622 Population

49.79 % Female

50.21 % Male




What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in cranbourne, Victoria.

Learn more about data

cranbourne Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

cranbourne Median House Prices

  • 2008 $ 240,000
  • 2009 $ 265,000
  • 2010 $ 280,000
  • 2011 $ 327,500
  • 2012 $ 325,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

Learn more about data

cranbourne 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in cranbourne have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term cranbourne property price predictions.

cranbourne Market Property Types

  • 83 % Seperate House
  • 4 % Semi Detached
  • 13 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

Learn more about data

cranbourne Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

cranbourne Income & Mortgage Stats

  • $ 1,070 Median Weekly Household Income
  • $ 1,567 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in cranbourne

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

Learn more about data

cranbourne Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

cranbourne Sold Property Prices

cranbourne Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

cranbourne Related Local Blog Posts

For years and years, paper had been the gold standard of penned communication.

For years and years, paper had been the gold standard of penned communication. What you had a need to record or keep in mind, from love letters to receipts, ended up being printed in some recoverable format. Then communication that is digital hold, and now we started to think the chronilogical age of paper had

The correct way Split second Enjoy Gambling house Port Video games Work

The correct way Split second Enjoy Gambling house Port Video games Work Long ago via the internet slots as well casino games were both down loadable and easily obtainable in split second play during over the internet betting houses Hier ist, Was ich Weiß, Ãœber Online Slots Bonus Ohne Einzahlung (instant engage in was even additional

Position Guidelines as well as Methods for Learners – On the internet On line casino Tutorial

Position Guidelines as well as Methods for Learners – On the internet On line casino Tutorial Whenever right now there is something you should understand about video slot video game titles will be that you should a second one of those adventures where exactly fortune will have an important very big role. Of course, web

My Bankroll Control Hints

My Bankroll Control Hints Gamblers enjoy triumph! Essentially, all of us love profitable! Still, there is always this kind of strange psychology-proven truth, instead of other people, players acquire significant additionally as soon as they lose. It consists of something related to making adrenalin and even hormones, in search of night-life and then tolerating debts for

The particular Advantages of Learning from Only Just one Casino

The particular Advantages of Learning from Only Just one Casino Because right now there are latest on line on line casinos cropping up everyday, participants will be met with an overwhelming range of where exactly playing then upon a regular basis. From the tender comes the $ 64000 topic: in the event you continually subscribe by

Tips on how to Usage Cost-free Revolves Similar to a Professional Once Actively playing Internet Slots

Tips on how to Usage Cost-free Revolves Similar to a Professional Once Actively playing Internet Slots That Link between Over the internet Slots Happen to be Arbitrary.First of most, it’utes necessary to know that via the internet slots can be dictated by way of RNGs or Haphazard Selection Devices, Why You Ought To Be Cautious Buying

cranbourne Restaurants

  • White Jasmine Thai Cuisine243 South Gippsland Highway cranbourne VIC 397703 5998 4099
  • Vue at Settlers Run1 Settlers Run Botanic Ridgecranbourne VIC 397703 9785 6072
  • The Red Baron Grill110 Sladen Stcranbourne VIC 397703 5996 8555

cranbourne Cafes

  • Gloria Jeansk11, Park Shopping Centre, High Streetcranbourne VIC 397703 5995 4477
  • Warp 10 Extreme Games6 High Stcranbourne VIC 397703 5996 6633
  • Hardware Bakehouse1205 Thompsons Roadcranbourne VIC 397703 5996 9800

cranbourne Schools

  • St. Agathas Primary School3 Scott Streetcranbourne VIC 3977(03) 5996 2724Catholic Primary School
  • Cranbourne Primary School42-58 Bakewell Streetcranbourne VIC 3977(03) 5996 1744State Primary School
  • Cranbourne Carlisle Primary School15 Silky Oak Avenuecranbourne VIC 3977(03) 59 91 3600State Primary School

cranbourne Childcare

  • Biala South East Child CareCnr Willora & Duff Stscranbourne VIC 3977
  • Clarendon St Community CCC43A Clarendon Stcranbourne VIC 3977
  • Sunkids Childrens CentreWalter Stcranbourne VIC 3977

cranbourne Kindergarten and Preschools

  • Bowen Street Preschool20-22 Bowen Streetcranbourne VIC 3977
  • Carlisle Park Childrens CtrMajestic Bvdcranbourne VIC 3977
  • Clarendon Street Preschool43A Clarendon Streetcranbourne VIC 3977

cranbourne Sporting Centres and Clubs

  • Lawson Poole Reservecranbourne VIC 3977Athletics Club
  • Little Athletics Centres, Lawson Poole Reservecranbourne VIC 3977Athletics Club
  • Cranbournecranbourne VIC 3977Skate Park Facility

Find out How Much your House is Worth in cranbourne

Request a free market Basic Report for cranbourne to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

Download Free Market Report
Share with friendsX