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Investment Property Cranbourne, VIC, 3977

Suburb Snapshot

Cranbourne is a suburb in the Casey Region of Victoria. Cranbourne has a population of 20,087 people and 26.78% of its occupants live in rental accommodation. The median listing price for houses is $680,000 and this has changed 0.00% over the past year and changed 4.61% over 2 years.

The median rent in Cranbourne for houses is $510 per week and the median rental yield is 3.90%. Stock on the market for houses/townhouses has changed -28.88% compared to last year and the average time to sell a house/townhouse is 152 days.The median listing price for units is $467,000 and this has changed 3.77% over the past year. The average unit takes 121 days to sell and the median rent for a unit in Cranbourne is $450 per week, producing a rental yield of 5.01%.

Supply & Demand in Cranbourne, Casey

1.15%

Current vacancy rate


104

Rental stock available


20,087

Population


26.78%

Rental population


0.95%

Current vacancy rate


1,354

Rental stock available


299,294

Population


19.66%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Cranbourne, Casey

  House Townhouses Units
Median listing price $680,000 $550,000 $467,000
Median price change - last quarter -0.15% 0.45% 0.54%
Median price change - 1 year 0.00% 8.37% 3.77%
Median price change - 2 years 4.61% 8.91% 5.53%
  House Townhouses Units
Median weekly rent $510 $520 $450
Median yield % 3.90% 4.91% 5.01%
Median rent change - 1 year 10.86% 8.33% 12.50%
  House Units
Previous month sales 22 5
Stock on market previous month 133 15
Stock variance vs. last year -28.88% -16.67%
Average days on market 152 121

Cranbourne investment property listings

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