Cranbourne is located 43 km south-east of the CBD. Cranbourne is one of the older settlements located in the Melbourne's south-eastern growth corridor. It is the terminus of the suburban railway line from Dandenong and is the last major suburb on the South Gippsland Highway before reaching Gippsland. The suburb boasts a significant commercial area along High St including the Cranbourne Park Shopping Centre. Cranbourne also features the Cranbourne Racecourse and Recreation Reserve and the Amstel Golf Club.
Median data for March Quarter 2024. Click here for details.
Median Sale Price
$660k
Metro Melbourne
$929k
Quarterly Price Change
-1.5%
2%
Median Rent
$480
$550
Rental Yield
3.7%
3.1%
$480k
$635k
-11.3%
0.3%
$410
$520
4.6%
4.3%
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