Cranbourne West VIC 3977

Here you can find what you need to know about Cranbourne West, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$524k Median Sale Price (National Average $485k) 429th In VIC
-2.15% Median Price Change (1 yr) (National Average 4.30%) 2366th In VIC
$390pw Median Rent (National Average $395) 370th In VIC
3.9% Median Gross Yield (National Average 4.24%) 218th In VIC
Upgrade to Premium to see median values for houses split by bedrooms. Learn more
Properties sold 265
Average discounting -7.66%
Average Days on Market 53
Stock on Market 61 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
Upgrade to Premium to view Investment Strategy Scores for every available property and suburb in Australia
Upgrade to Premium to view pros & cons and Investment Strategy Scores for every available property and suburb in Australia
How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Cranbourne West, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Cranbourne West, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Cranbourne West, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

Upgrade to Premium to see available development permits for Cranbourne West, VIC.  Learn more

Property Prices in Cranbourne West


Loading

State Auction Clearance Rates - October 2019

Auctions Clearance rate
VIC 774 74%
ACT 53 64%
NSW 665 79%
NT 13 31%
QLD 140 46%
SA 52 62%
TAS 1 0%
WA 16 50%

Local Schools


Loading

Suburb Information

Cranbourne West, VIC 3977

Part of: Casey Council No data available

The size of Cranbourne West is approximately 11.8 square kilometres. It has 8 parks covering nearly 0.4% of total area. The population of Cranbourne West in 2011 was 8,743 people. By 2016 the population was 15,046 showing a population growth of 72.1% in the area during that time. The predominant age group in Cranbourne West is 30-39 years. Households in Cranbourne West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne West work in a trades occupation. In 2011, 72.3% of the homes in Cranbourne West were owner-occupied compared with 76% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Cranbourne West

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Cranbourne West   for Houses in last 12 months


There have been 265 Houses sold in Cranbourne West in the past 12 months with a median sale price of $518K, up -4.17% annually. It takes on average 58 days to sell with vendor discounting of -7.83%.

Streets in Cranbourne West


Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Cranbourne VIC, 3977 -5.56% $510,000 $355pw 3.6% View Suburb Profile
Cranbourne North VIC, 3977 0.64% $574,750 $400pw 3.6% View Suburb Profile
Cranbourne East VIC, 3977 -3.12% $555,000 $410pw 3.8% View Suburb Profile
Pakenham VIC, 3810 -4.85% $490,000 $365pw 3.9% View Suburb Profile
Frankston North VIC, 3200 -13.17% $435,000 $330pw 3.9% View Suburb Profile
Clyde North VIC, 3978 9.91% $582,500 $410pw 3.7% View Suburb Profile