Cranbourne, situated in the vibrant South East Melbourne region, is a bustling suburb renowned for its family-friendly atmosphere, diverse housing options, and convenient access to essential amenities. With its leafy streets, parks, and recreational facilities, Cranbourne offers residents a tranquil yet dynamic lifestyle amidst a thriving community.
Real Estate Statistics:
- Median Sale Price: The median sale price for properties in Cranbourne stands at $652,000, indicating the suburb’s affordability and steady market growth.
- 5-Year Median Price Trend: Over the past five years, property prices in Cranbourne have demonstrated a gradual increase, with prices rising steadily each year.
- Property Market Insights: In the past month, 86 houses have been available for sale in Cranbourne, showcasing a lively and active real estate market. Additionally, 266 houses were sold in the past 12 months, reflecting strong buyer demand and market activity.
- Median Time on Market: With a median time on market of 30 days, houses in Cranbourne typically sell within a reasonable timeframe, underscoring the suburb’s appeal to buyers.
- Buyer Interest: Cranbourne continues to attract significant buyer interest, with 2,968 prospective buyers actively considering properties in the area.
- Rental Yield: The suburb offers a competitive rental yield of 3.8%, making it an attractive option for investors seeking solid returns on their investment properties.
With its diverse range of housing options, from spacious family homes to modern townhouses and apartments, Cranbourne caters to a wide array of lifestyles and preferences. The suburb’s proximity to major highways and public transport links ensures easy accessibility to surrounding areas and Melbourne’s CBD.
Beyond its residential offerings, Cranbourne boasts an array of amenities and attractions to enrich residents’ lives. From shopping centers and dining precincts to schools, parks, and recreational facilities, the suburb provides everything needed for a comfortable and fulfilling lifestyle.
In conclusion, Cranbourne stands as a sought-after destination for homebuyers, investors, and families seeking the perfect blend of affordability, convenience, and community living. Contact Alex and Maureen Bartolo from Alex & Maureen Bartolo, your trusted Cranbourne real estate agents, for a free market appraisal and expert advice on how much your house is worth. Don’t miss out on the opportunity to make Cranbourne your new home – get in touch with us today!
Source: Realestate.com.au