Cranbourne West, VIC 3977
Compare Part of Casey
41.53 km
Distance from Melbourne CBD
37 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $285,000 | 0.0% | $240,000 | $340,000 | 55 |
| 2010 | $341,000 | +16.4% | $265,000 | $1,475,000 | 128 |
| 2011 | $322,500 | -5.7% | $218,000 | $655,000 | 72 |
| 2012 | $327,000 | +1.4% | $240,000 | $784,900 | 94 |
| 2013 | $320,000 | -2.2% | $115,000 | $853,000 | 184 |
| 2014 | $348,000 | +8.0% | $147,000 | $575,000 | 205 |
| 2015 | $372,000 | +6.5% | $260,000 | $677,500 | 282 |
| 2016 | $415,000 | +10.4% | $275,000 | $870,000 | 272 |
| 2017 | $517,250 | +19.8% | $330,000 | $915,000 | 324 |
| 2018 | $542,000 | +4.6% | $385,000 | $890,000 | 263 |
| 2019 | $520,000 | -4.2% | $350,000 | $845,000 | 275 |
| 2020 | $555,000 | +6.3% | $350,000 | $1,000,001 | 237 |
| 2021 | $639,000 | +13.1% | $425,000 | $1,093,000 | 387 |
| 2022 | $688,250 | +7.2% | $440,000 | $1,360,000 | 326 |
| 2023 | $680,000 | -1.2% | $480,000 | $6,350,000 | 299 |
| 2024 | $700,000 | +2.9% | $435,000 | $1,290,000 | 284 |
Median Sale Price
$700K
Based on 285 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
+3.1%
Current Median Price: $700,000
Previous Median Price: $678,000
Based on 590 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $330 | 0.0% | $235 | $420 | 58 |
| 2012 | $330 | 0.0% | $225 | $369,000 | 73 |
| 2013 | $340 | +2.9% | $265 | $600 | 163 |
| 2014 | $350 | +2.9% | $260 | $520 | 247 |
| 2015 | $350 | 0.0% | $270 | $550 | 236 |
| 2016 | $370 | +5.4% | $279 | $565 | 230 |
| 2017 | $380 | +2.6% | $230 | $650 | 298 |
| 2018 | $390 | +2.6% | $290 | $580 | 281 |
| 2019 | $395 | +1.3% | $285 | $650 | 264 |
| 2020 | $400 | +1.3% | $285 | $650 | 193 |
| 2021 | $420 | +4.8% | $320 | $895 | 227 |
| 2022 | $450 | +6.7% | $340 | $690 | 221 |
| 2023 | $520 | +13.5% | $395 | $790 | 235 |
| 2024 | $570 | +8.8% | $420 | $800 | 223 |
Median Rent Price
$565
per week
Based on 227 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+8.0%
Current Median Rent: $565
Previous Median Rent: $520
Based on 459 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $700,000
Current Median rent: $565
Based on 512 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Cranbourne West
Houses sold in Last 12 months ends 21 Dec 2024
$720K
Median Sale Price
38%
Clearance Rate
3/8
Sold/Reported
$720K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K (Median Price Range) | 2 | |
Similar Suburbs to Cranbourne West 3977
Based on median house sale price sold in last 12 months
Schools closest to Cranbourne West, VIC 3977
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| St Peter's College | CRANBOURNE-FRANKSTON ROADCranbourne 3977 | Secondary | Catholic | 0.46 km |
| Haileybury CollegeTop 10 | Berwick 3806 | Combined | Independent | 0.85 km |
| Cranbourne West Primary School | 110 DUFF STREETCranbourne 3977 | Primary | Government | 1.55 km |