CRANBOURNE
Positioned within the entry-level sector of the market, Cranbourne has evolved into a locality defined by its distinct property landscape. The suburb currently holds a median house price of $686k. The area has demonstrated a consistent trajectory, recording a 35% uplift over a five-year window. This data suggests a sustained demand cycle, often driven by infrastructure improvements or shifting buyer preferences.
Lifestyle Profile
As an evolving marketplace, Cranbourne offers a dynamic streetscape. It is industrious and functional, often characterized by post-war architecture that is currently undergoing a wave of renovation.
The social atmosphere is vibrant and shifting. A wave of younger professionals and young families is moving in, bringing a new energy that is revitalizing local precincts and creating a buzz in the community.
The local café culture is the 'canary in the coal mine' for this area. New espresso bars and dining spots are popping up, signaling the gentrification ripple effect that often precedes price growth.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $42,351. With a price-to-income ratio significantly above the state average, ownership in Cranbourne often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. The area is serviced by facilities such as Botanic Ridge Primary School. For many buyers, the presence of local schooling creates a 'village' feel and ensures consistent demand from young families moving into the area.
Market Outlook
Data indicates a robust performance, with 34.6% growth over 5 years. This suggests the area has been 'discovered' by the broader market.
Quick FAQ about Cranbourne:
- Is Cranbourne expensive? With a median price of $686k, it is considered a entry level market, often attracting buyers seeking accessible living standards.
- What are the schools like? The catchment for Botanic Ridge Primary School is a major driver of local demand.
Primary Schools
Botanic Ridge Primary School
Barton Primary School
Casey Fields Primary School
Cranbourne South Primary School
LocalCranbourne East Primary School
LocalCourtenay Gardens Primary School
Lyndhurst Primary School
Cranbourne Carlisle Primary School
LocalCranbourne Primary School
LocalCranbourne Park Primary School
LocalSecondary / High Schools
Explore Nearby Markets
Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
Secondary Schools
DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.