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Cranbourne South, VIC 3977

Home » VIC Real Estate Data » Casey City, VIC » Cranbourne South, VIC 3977

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 South, 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 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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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 South, VIC 3977”

  1. The total adult population (15 years or older) of Cranbourne South 3977 VIC is 2,587, with a median age of 35. Of those, 52.15% are married, 8.74% are divorced or separated, 36.26% are single and 2.94% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,444. The median monthly mortgage repayment for households in this suburb is $2,167 which is 22.95% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of Victoria, the suburb of CRANBOURNE SOUTH 3977 boasts a total of 1,881 households, cementing its status as a thriving community. This VIC suburb presents property investors with an array of potential opportunities which are highlighted within the Q3 2023 statistics.

    Houses within CRANBOURNE SOUTH typically fetch a price of approximately $921,152. Combined with a median weekly rent of $552, investors can expect a commendable indicative yield of approximately 3.12% which is just above the 3% minimum attractive market requirement for cashflow-centered property investors.

    The socio-economic landscape of CRANBOURNE SOUTH 3977 appears promising, evidenced by an IRSAD score of 1,036 out of 1,217. This effectively cements the area’s reputation for having above-average socio-economic conditions.

    CRANBOURNE SOUTH 3977 maintains a low renter to owner ratio of 10% and a units to houses ratio of 0%, indicating a predominant owner-occupier market and a low presence of rental units. These ratios could potentially boost rental yields due to reduced competition among landlords.

    However, it isn’t all sunshine and roses – an affordability index of 38 years suggests that it may be harder for potential homeowners to own a property outright in this area within a standard 30-year mortgage term, indicating decreased affordability.

    Regarding supply metrics, the region shows a stock on market percentage of 0.89% and an inventory level of 5.09 months for houses, nudging into the higher supply bracket – which is generally considered less favourable for property investment. Notably, the building approvals ratio stands high at 21.76%, suggesting an increased impending supply of new dwellings on the market.

    The average property in CRANBOURNE SOUTH 3977 can be expected to spend roughly 36 days on the market – a healthy number suggesting robust demand. Additionally, with a moderate buy search index of 4 and a favourable vacancy rate of 1.52% it is clear demand within CRANBOURNE SOUTH is sound.

    To sum up, while CRANBOURNE SOUTH 3977 poses certain challenges such as decreased affordability and high impending supply, the suburb also offers multiple favourable conditions such as a lower than average renter to owner ratio, zero units to houses ratio, decent yield, strong socio-economic scores and healthy demand levels. Carefully monitoring the Relative Composite Score and following the trend of these metrics could aid potential investors in making balanced and informed decisions in this property market.

    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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