Median priceⓘLast 12 months
774kk
↑ +7.4% YoY
Cranbourne North's busiest market is house rentals, with 496 leases (up 11%) at $590 a week (up 2.6%), renting out in about 26 days (up from 25 days last year), with 3-bedroom and 4-bedroom roughly tied at around 50% each.
House sales are nearly as big, with 401 sales (up 6.4%) at around $774K (up 7.4%), taking about 23 days to sell, among the country's most in-demand house markets, just under half of homes are 4-bedroom. Rounding it out, 33 unit sales at around $600.5K (one of Victoria's strongest unit price gains). 25 unit rentals at $505 a week (among the country's biggest unit rent drops).
Who lives hereAn above-average-income, mortgage-belt, family-first suburb — strongly multicultural.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
4.7% report Scottish ancestry, but only 0.3% were born in Scotland — the gap is the Australian-born and diaspora Scottish community, invisible in birthplace alone.
A deeply-rooted, long-settled migrant community.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 2.5× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
3 schools inside Cranbourne North, plus the closest options around it. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
How settled or transient the community is — and where newcomers came from.
Headline price, rent, yield and time on market for Cranbourne North — choose a property type and size below.
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Eight diagnostic views cutting the data a different way each time — Cranbourne North in blue, peers in colour.
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Every market within reach of Cranbourne North, ranked by distance — each compared against this suburb's Houses · Total segment so divergence reads at a glance.
VIC markets whose Houses · Total segment behaves most like Cranbourne North's on the buy side — ranked by a like-for-like blend of price, yield, days on market, ownership cost and cycle phase.
Comparable sales markets to Cranbourne North include Dandenong (VIC 3175), Cranbourne East (VIC 3977), Mernda (VIC 3754), Capel Sound (VIC 3940), Cranbourne South (VIC 3977), Cranbourne (VIC 3977), Sunbury (VIC 3429) and Narre Warren (VIC 3805). Each link opens that suburb's full market report.
23 data-driven answers about Cranbourne North's property market — every one computed from the metrics above.
The median house price in Cranbourne North, VIC 3977 is $774k as of June 2026, based on 401 sales recorded over the past 12 months. Houses there have moved +7.4% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
The median unit price in Cranbourne North, VIC 3977 is $601k as of June 2026, based on 33 sales over the past 12 months. Units have moved +16.9% year-on-year and currently trade at roughly 78% of the median house price.
The median weekly house rent in Cranbourne North is $590 as of June 2026, drawn from 496 leases over the past 12 months. Units rent for around $505 per week. House rents have moved +2.6% year-on-year. Current vacancy pressure is shown in the supply section above.
Gross rental yield in Cranbourne North is 3.90% for houses and 4.40% for units as of June 2026, compared with the VIC unit median of 5.12%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
As of June 2026, Cranbourne North medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $674k | $715k | $829k | $774k |
| Units | — | $540k | $620k | — | $601k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
At the median Cranbourne North unit ($601k purchase, $505/week rent), weekly mortgage repayments sit at roughly $664 — about $159 more per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
Cranbourne North's property market trends to June 2026: house prices rose +7.4% year-on-year and units +16.9%; weekly house rents moved +2.6%; homes sell in a median 23 days; sales supply sits at 1.8 months (very tight). Read together — price, rent, selling speed and supply — they show which way the Cranbourne North market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
As of June 2026 in Cranbourne North, house prices rose +7.4% over the year, gross rental yield is 3.90% against a VIC median of 3.84%, houses take a median 23 days to sell, sales supply is 1.8 months (very tight). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
Houses in Cranbourne North sell in a median 23 days on market as of June 2026, with units clearing slightly faster at 20 days. Faster clearance typically coincides with stronger buyer demand and lower supply.
Cranbourne North's sales market sits at 1.8 months of supply for houses as of June 2026 — classified as Very Tight against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 0.8 months of supply.
House prices in Cranbourne North moved +7.4% over the 12 months to June 2026, while units moved +16.9%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
Cranbourne North's house rental market sits at 0.8 months of supply as of June 2026 — classified as Severe (extreme shortage), with 496 houses leased over the past 12 months. Units sit at 0.5 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Cranbourne North's house market is currently in the 'in_demand_growing' phase as of June 2026 — combining high sales velocity (top quartile nationally) with flat year-on-year days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
Cranbourne North's median house price ($774k) is 0% above the VIC median ($773k) as of June 2026. On selling speed, houses clear in 23 days vs 29 days state median. On gross yield, Cranbourne North sits at 3.90% vs 3.84% state median.
Cranbourne North's most-similar nearby market is Dandenong (12.7 km away) with a median house price of $762k — about 2% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
The most-transacted segment in Cranbourne North over the 12 months to June 2026 is 4 bed houses with 194 sales. 3 bed houses come second at 166 sales. The 'Most popular' panel above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
Cranbourne North recorded 401 house sales and 33 unit sales over the 12 months to June 2026 — a combined 434 transactions. On the rental side, 496 houses and 25 units were leased. Segments with statistically thin samples are excluded from displayed figures.
Cranbourne North, VIC 3977 is home to 24,683 residents (ABS Census 2021). The median resident age is 32, and the average household holds 3.3 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
The median household in Cranbourne North earns $2k per week — roughly $101k a year (ABS Census 2021). Median personal income runs $789/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
Cranbourne North is mostly owner-occupied: about 73% of households are owner-occupiers and 26% rent (ABS Census 2021). Of owners, 16% own outright and 57% are paying off a mortgage.
Cranbourne North has 60 schools within reach, 3 of them inside the suburb itself — including Alkira Secondary College, Courtenay Gardens Primary School, Tulliallan Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Cranbourne North, VIC 3977 has a population of 24,683, a median age of 32, a median household income around $2k/week, 26% of households renting (ABS Census 2021). There are 60 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
This Cranbourne North market data was last updated June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.
Your first report is on us. Membership unlocks unlimited suburb reports — near real-time prices, rental yield, supply & demand, and five years of history across every market you're weighing up.