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Cranbourne North, VIC 3977

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cranbourne North, VIC 3977 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Cranbourne North, VIC 3977”

  1. The total adult population (15 years or older) of Cranbourne North 3977 VIC is 18,211, with a median age of 32. Of those, 52.53% are married, 10.07% are divorced or separated, 34.67% are single and 2.72% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $8,076. The median monthly mortgage repayment for households in this suburb is $1,900 which is 23.53% of their earnings.

    Source: ABS Census Data (2021)

  2. Cranbourne North, postcode 3977, is an intriguing suburb located in Victoria, Australia. This burgeoning community is currently home to an estimated 8,311 households. Given its continued growth, investors and aspiring homeowners alike are interested in the property market dynamics of the area.

    As of Q3 2023,the typical house price in Cranbourne North stands at a relatively moderate $764,237. The median weekly rent is approximately $447, hinting towards an indicative yield of 3.04%. This yield marginally exceeds the minimum 3% attractiveness threshold for income-focused property investors, hence this property market appears to have potential for generating steady cash flow.

    The local socio-economic status, as indicated by an IRSAD score of 973 out of 1217, suggests that Cranbourne North boasts a population with fairly solid income levels, access to economic resources, and a considerable proportion of skilled professionals. Additionally, the renter to owner ratio is a low 26% and the units to houses ratio is at a mere 3%, highlighting the stability and potential for long-term tenancy.

    However, potential buyers and investors should bear in mind that the affordability index is rather high at 37 years, implying it will take over the conventional 30-year time span to completely own a property in this area.

    When evaluating the supply dynamics, the data shows that only 0.28% of the total houses remain on the market, signifying a low supply scenario. This is reinforced further by the present inventory level of only 0.88 months. Together, these figures signify favourable investment conditions owing to the scarcity factor. Similarly, the building approvals Ratio is a paltry 0.09%, reiterating the slow rate of new housing supply.

    The property market in Cranbourne North shows favourable demand dynamics as well. The mean length of stay for houses on the market is 36 days, indicating a healthy demand. This appealing scenario is further echoed by the relatively low vacancy rate of 1.44% across houses and units in the area. However, it’s worth factoring in the comparatively low buy search index of 3 for houses, indicating a middle-ground level of interest from prospective buyers.

    In sum, the combination of nutritional socio-economic conditions, low supply and strong demand dynamics make Cranbourne North a potential hotspot for property investors and buyers alike. Yet, as property market dynamics are ever-evolving, it’s crucial to remain updated with the latest trends and figures to ensure informed investment decisions. Moreover, taking into account other favourable metrics such as the RCS developed by HtAG Analytics could facilitate a well-rounded understanding of the market conditions and help identify promising investment opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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