Cranbourne North is a steadily growing suburb in Melbourne's south-east. Families are being drawn to the new housing estates cropping up on old farmland.
Racing is a lively industry in the area and the Cranbourne Racecourse and Recreation Reserve features training facilities for racehorses and greyhounds, as well as several sporting fields for football and cricket. Lawson Poole Reserve is home to the local little athletics club and the local cricket club, as well as a playground and large grassy areas. You will find a chemist, a post office, a Woolworths supermaket and other retail shops atThompson Parkway Shopping Cente, while the Cranbourne Homemaker Centre on the boundary of the suburb houses a Harvey Norman, JB Hi Fi and Officeworks.
The suburb is home toLyndhurst Secondary College, Alkira Secondary College, St Theresa's Catholic Primary School and Courtenay Gardens Primary School. The Mornington Peninsula is a short drive away, while Cranbourne is the main stop-over point for holidaymakers on their way to Phillip Island, which is a little over an hour down the Bass Highway. Melbourne's city centre is an hour's train ride from Merinda Park Station.
Would you like to receive the top 7 tips on how to buy or sell a property? Find out how to negotiate the best price, the pitfalls of what to look out for when negotiating your next investment property and how to choose the best agent.
Get Free Report
Fill out your details below to get more info delivered straight to your inbox.
Our free basic suburb report will provide you with a basic snapshot of your suburb’s performance, the types of properties selling in the area and what they are selling for, while our custom report is a very specific property report customised for your property, its specific price range and qualities.
Request a Basic or Custom Report
Get Free Report
Fill out your details below to get more info delivered straight to your inbox.
Receive Independent Advice about Buying or Selling Our qualified buyer and vendor advocates can help you build your property portfolio with quality capital growth properties or conversely help you sell your property. Their thorough processes are designed to suit your specific needs, and their independent advice can take the stress out of the buying and selling process.
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with a buyer or vendor advocate.
Hone Your Financial Knowledge by Speaking to a Finance Broker
Obtain personalised service you can’t find at a bank. Educate yourself about the financial issues involved with buying and selling a property by speaking to a qualified finance broker. They will advise you regarding the best finance options available to you. They can also discuss methods to create wealth and improve your cash-flow.
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with a finance broker now.
Are you financially structured the right way to invest in property?
Talk to a professional who is able to sit down with you and assess your goals and structure your finances in a way that will help you invest in property for the long-term.
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation.
Have you bought your first investment property and don’t know where to start when it comes to management or just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with one a property professional and request an appraisal now.
Have you bought your first investment property and don’t know where to start when it comes to management - or are you just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with a property professional and request an appraisal now.
Check your Contracts Before Making an Offer
If you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.
What is Conveyancing?
Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with a property conveyance/solicitor now.
Understand the Condition of Your Property Before You Buy
Avoid any nasty surprises before purchasing your property. Request a building and pest inspection report. This report will tell you everything you need to know about the condition of the property, including interior and exterior defects, termite activity and the presence of environmental dangers such as asbestos.
Want to Speak to an Expert?
Fill out your details below for a one on one phone consultation with a property conveyance/solicitor now.
Get Peace of Mind with Quality Landlord Insurance Protection?
Buying an investment property for the first time? Concerned about tenants damaging your property, rental loss or losing your job and being unable to pay your mortgage?
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with a landlord insurance expert now.
What is a Depreciation Schedule?
A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.
Tax Depreciation Calculator
Get an estimate of the likely depreciation deductions using the following Tax Depreciation Calculator
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with a tax depreciation expert now.
Find the Best Removalist for the Job
Take the stress out of relocating by getting in touch with an efficient and qualified removalist team. Professional removalists can help you with packing, loading and unloading during your local or interstate move.
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with a professional removalist now and request a free quote.
Find Out Whether Your Property Has Development Potential
Would you like to find out whether your property is subdividable and if you can increase the value of your property by obtaining plans and permits? Or you are looking to extend or renovate your new purchase and need plans and permits?
Our property development experts review whether your property is suitable for development. They carry out the due diligence on the development potential of your property, look at the options available to you (fully costed and assessed), discuss a development strategy, prepare plans to submit to a town planner and local council, and work through applications to achieve town planning approval.
Want to Speak to an Expert?
Enter your details below for a one on one phone consultation with a property planning expert now.
Find a Qualified Local Tradesperson
Finding a qualified and reputable local tradesperson can be a hassle, whether you’re looking for an electrician, carpenter, plumber, builder, handyman, gardener or carpet cleaner. Be connected with the right tradesperson today.
Want to Speak to a Tradesman?
Fill in the form below to be connected with a tradesman now and request a free quote.
$ 355,000 Median House Price
40 Minutes Average Commute
30 Median Age
14,570 Population
50.39 % Female
49.61 % Male
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in cranbourne north, Victoria.
Learn more about dataThe demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
Learn more about dataHere we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in cranbourne north have performed, and it usually indicates how they will perform in the future.
Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term cranbourne north property price predictions.
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
Learn more about dataTypically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in cranbourne north
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
Learn more about dataTo calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
29 PENSHURST WAY
72 ENDEAVOUR DRIVE
21 FORSYTH COURT
13 Hamilton Drive
12 ASPECT LANE
31 Hazelwood Avenue
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….
There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?
Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523 Passed in: 194 Sold Before: 99 Sold After: 0 Postponed 14 Source:REIV Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties
According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years
Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?
The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.
Request a free market Basic Report for cranbourne north to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.
Download Free Market ReportAccess the following information and features by Registering or Logging in for free.
Your feedback will be approved and published within 24 hours.