Market snapshot
Suburb insights for Cranbourne West3977
Change suburbCranbourne West is located 41 km south-east of the CBD. Cranbourne West is located on the fringe of Melbourne's south-east combining new residential subdivsions with older rural residential areas. Like many new growth suburbs Cranbourne West is dominated by young families. It is a suburb that will grow significantly in the future. Cranbourne West also features the Royal Botanic Gardens Cranbourne and the Cranbourne Equine Hospital.
Sales data
Median sale price
$702k
Quarterly price change
2.5%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Cranbourne West | Metro comparison |
|---|---|---|
| 2 | - | $888,000 |
| 3 | $638,000 | $807,000 |
| 4 | $770,000 | $950,000 |
| Insight | Cranbourne West | Metro comparison |
|---|---|---|
| Clearance rate | 72.6% | |
| Days on market | 37 | 43 |
Rental data
Median weekly rent
$570
Rental yield
4.3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Cranbourne West | Metro comparison |
|---|---|---|
| 2 | - | $575 |
| 3 | $550 | $550 |
| 4 | $620 | $600 |
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