Located around 50km from Melbourne CBD, Cranbourne has grown from a farming and agricultural area to a residential and attractive family-friendly area in recent years.
As a growing suburb at a reasonably affordable price point, Cranbourne is attracting property investor interest, and provides solid long-term potential.
We've summarised key suburb analytics for Cranbourne below for your consideration. Want these great suburb analysis tools at your fingertips for over 15,000 suburbs in Australia? Register to our Professional plan now here for $49 per month - https://www.propertydirector.com.au/choose-plan.
Median Price / Capital Growth - $680,000, has seen 5.9% annual compound growth in the last 10 years.
Rental Yield - 4.08%
Population - 21,290
Vacancy Rate - 1.56%
Vendor Discount Rate - -10.22%
