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Cranbourne North
AREA REPORTS

Cranbourne North

Cranbourne North - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3977

house
unit

Property investors have seen a 3.08% gain in CRANBOURNE NORTH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on CRANBOURNE NORTH, 3977 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.23%.

Based on its average 5-year and quarterly capital gains CRANBOURNE NORTH, 3977 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $654,555

Profits averaged 3.65% per annum over a 3-year period, due to an upward trend in home prices in CRANBOURNE NORTH, 3977.

This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

The gross rental yield in CRANBOURNE NORTH, 3977 is 3.34%.

An average of 38.58 real estate transactions take place per month in CRANBOURNE NORTH which translates to 463 per annum.

Data report can be found below

Cranbourne North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $654,555 $465,000
GROWTH REPORT
Median Quarterly 3.08% -1.06%
Median 12 month 12.23% 12.05%
Median 3 years 10.94% 16.25%
Median 5 years 47.09% 26.53%
10 years average annual 6.65% 7.95%
Weekly media advert. rent $420 $380
Time on Market 24.8 days 46.5 days
Gross Rental Yield Percent 3.34% 4.25%
demographics (median values)*
Total Population
93326
Weekly Household Income
1560
Household Size
3.00
Age
32
Monthly Loan Repayment
1768
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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