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Growth without hefty price tag: Why Cranbourne is catching investors’ eyes
Cranbourne offers strong long-term growth potential, consistent rental demand, and attractive yields, making it an appealing suburb for families and investors seeking reliable returns, according to SPI’s FAST 50 report.
Cranbourne is among the top suburbs listed in Smart Property Investment’s 2026 FAST 50 Report for savvy investors.
The Fast 50 report is an annual publication by Smart Property Investment designed to identify 50 Australian suburbs with strong growth potential over the next 12 months.
It combines expert insights from trusted property investors and real estate networks with detailed data analysis to highlight under-the-radar investment opportunities.
Unlike traditional reports, the Fast 50 focuses on future potential rather than past performance, offering investors a clear starting point for their research and due diligence.
Located in Melbourne’s south-eastern growth corridor, Cranbourne is a rapidly developing suburb attracting families, young professionals, and investors seeking affordable housing options.
The area offers a mix of housing, including modern homes, townhouses, and larger properties, catering to a variety of buyers and providing potential for future growth.
Cranbourne is well-serviced with schools, shopping centres, parks, and public transport, ensuring a convenient and connected lifestyle for residents.
The suburb benefits from ongoing infrastructure improvements and proximity to Melbourne, making commuting and access to the city straightforward for both homeowners and investors.
Cranbourne maintains consistent rental demand, with a median rent of $525 per week and a gross rental yield of 4.1 per cent, supported by a healthy property market.
Over the past 12 months, the suburb has recorded steady growth, with a median house price of $660,000, and an average annual growth rate of 7.4 per cent.
The suburb’s combination of suburban lifestyle, accessibility, and strong long-term growth potential makes it appealing to both families seeking convenience and investors seeking reliable returns.
Cranbourne continues to position itself as a desirable destination for affordable living and long-term property investment in Melbourne’s south-east.
Check all the suburbs in the Fast 50 report here.
