Thinking about buying in Cranbourne? Now could not be a better time, with 11420 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $772,000 with prices in this suburb ranging from $80,000 to $8,870,000. Cranbourne is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Cranbourne Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Cranbourne due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Cranbourne provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Cranbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Cranbourne we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Cranbourne a better buying opportunity than it may have been in the past.

Houses for sale Cranbourne

	UNIT 2, 3 WILLIAM ST, CRANBOURNE, VIC, 3977	2	2	2	$548,000 - $598,000
	UNIT 1, 3 WILLIAM ST, CRANBOURNE, VIC, 3977	3	3	2	$645,000 - $705,000
	UNIT 3, 3 WILLIAM ST, CRANBOURNE, VIC, 3977	3	2	2	$598,000 - $655,000
	12 HOTHAM ST, CRANBOURNE, VIC, 3977	3	1	2	$590,000 TO $620,000
	46 CLARENDON ST, CRANBOURNE, VIC, 3977	4	2	2	UNDER CONTRACT
	42 FAIRBAIRN RD, CRANBOURNE, VIC, 3977	3	1	2	For Sale $580,000 - $630,000
	23 MAJESTIC BVD, CRANBOURNE, VIC, 3977	4	2	2	For Sale $740,000 - $780,000
	7 LAMB ST, CRANBOURNE, VIC, 3977	5	2	1	$790,000 to $850,000
	UNIT 102, 27 HOTHAM ST, CRANBOURNE, VIC, 3977	2	1	1	$369,000 - $405,000
	8 BARILLA CT, CRANBOURNE, VIC, 3977	3	1	2	$675,000 - $695,000
	4 FERNDOWN DR, CRANBOURNE, VIC, 3977	4	2	2	$830,000 - $910,000
	123 MAJESTIC BVD, CRANBOURNE, VIC, 3977	4	2	2	Please Call
	UNIT 2, 22 DEARING AV, CRANBOURNE, VIC, 3977	3	2	4	SOLD
	13 HECTOR DR, CRANBOURNE, VIC, 3977	4	2	2	740000
	34 MARYLYN PL, CRANBOURNE, VIC, 3977	3	2	2	620000
	27 STRAFFORD AV, CRANBOURNE, VIC, 3977	3	1	2	500001
	48 CLAIRMONT AV, CRANBOURNE, VIC, 3977	3	2	4	689000
	9 DAVID AV, CRANBOURNE, VIC, 3977	2	1	0	550000
	UNIT 1, 41 LYALL ST, CRANBOURNE, VIC, 3977	2	1	1	445000
	6 PEBBLEBEACH PATH, CRANBOURNE, VIC, 3977	3	2	2	549950
	40 VALEPARK CR, CRANBOURNE, VIC, 3977	4	2	2	680000
	25 TOIRRAM CR, CRANBOURNE, VIC, 3977	5	2	2	672000
	UNIT 20, 224 MONAHANS RD, CRANBOURNE, VIC, 3977	3	1	1	495000
	UNIT 2, 47 BAKEWELL ST, CRANBOURNE, VIC, 3977	2	1	1	455000

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General Points of Interest

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