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Investment Property Cranbourne North, VIC, 3977

Suburb Snapshot

Cranbourne North is a suburb in the Casey Region of Victoria. Cranbourne North has a population of 20,109 people and 20.60% of its occupants live in rental accommodation. The median listing price for houses is $700,000 and this has changed 2.94% over the past year and changed 2.94% over 2 years.

The median rent in Cranbourne North for houses is $550 per week and the median rental yield is 4.08%. Stock on the market for houses/townhouses has changed -14.56% compared to last year and the average time to sell a house/townhouse is 58 days.The median listing price for units is $494,500 and this has changed -0.61% over the past year. The average unit takes 53 days to sell and the median rent for a unit in Cranbourne North is $490 per week, producing a rental yield of 5.15%.

Supply & Demand in Cranbourne North, Casey

1.37%

Current vacancy rate


108

Rental stock available


20,109

Population


20.60%

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 North, Casey

  House Townhouses Units
Median listing price $700,000 NA $494,500
Median price change - last quarter 0.00% 0.00% 1.00%
Median price change - 1 year 2.94% NA -0.61%
Median price change - 2 years 2.94% NA 2.48%
  House Townhouses Units
Median weekly rent $550 $550 $490
Median yield % 4.08% NA 5.15%
Median rent change - 1 year 5.76% 14.58% 11.36%
  House Units
Previous month sales 17 0
Stock on market previous month 88 1
Stock variance vs. last year -14.56% -80.00%
Average days on market 58 53

Cranbourne North investment property listings

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