Median priceⓘLast 12 months
630kk
↑ +50.0% YoY
Cranbourne South, VIC 3977
Property data updated ·3,241 residents
Last 12 months snapshot
103 sales · 78 leases · Refreshed July 2026
Cranbourne South property market
House sales lead the way in Cranbourne South, with 79 sales (down 16.8%) at around $866.5k (up 16.5%) as of July 2026, taking about 25 days to sell (up from 21 days last year), among Victoria's strongest house price gains, with around half being 4-bedroom.
House rentals are nearly as big, with 78 leases (down 13.3%) at $640 a week (up 2.4%), renting out in about 18 days (down from 19 days last year), with 4-bedroom the most common at around 60%. Then come 24 unit sales at around $631k (one of the country's least in-demand unit markets).
High-incomeFamily-focusedMortgage-beltMulticulturalNewcomer-heavy
Who lives hereA high-income, mortgage-belt, family-oriented suburb — multicultural and newcomer-heavy.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census · ABS 2021
Cranbourne South demographics & population
Population
3,241
Median age
35yrs
Avg household
2.9people
Male · Female
49% · 51%
Owner-occupied
50%
Renting
50%
Lone person
50%
Couples, no kids
50%
Born overseas
50%
Year 12+ⓘ
50%
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.
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Census · ABS 2021
Who lives in Cranbourne South?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Age & sex2,265 residentsMaleFemale
Share of all residents by 5-year band · hover a band for the count + split
Life stage
50%
50%
50%
50%
50%
50%
Children0–1450%Youth15–2450%Young adults25–3450%Midlife35–5450%Mature55–6450%Seniors65+50%
Household composition
50%
50%
50%
50%
50%
Lone person50%Couples, no kids50%Families with kids50%Other families50%Group / share50%
2.2 people / household0.6 persons / bedroom50% are 5+ person
Household sizepersons per dwelling
50%1
50%2
50%3
50%4
50%5
50%6+
Cultural make-upshare of residents · diversity = odds two differ
Born overseasⓘResidents born outside Australia, as a share of those who stated a birthplace.50%
Other language at homeⓘResidents who mainly speak a language other than English at home — counts the language used, not how well English is spoken.50%
Limited EnglishⓘResidents who speak English “not well” or “not at all”. A language-barrier measure, not bilingualism — many who speak another language at home still speak English well.50%
Both parents overseasⓘResidents whose mother and father were both born overseas — the Australian-born-to-migrants “second generation”, distinct from being born overseas yourself.50%
Australian citizensⓘResidents who are Australian citizens — both Australian-born and people who have since naturalised.50%
Birthplace diversity35%
Chance two random residents were born in different countries
Language diversity26%
Chance two random residents speak different languages at home
Religious diversity32%
Chance two random residents follow different religions
Where residents were borntop birthplaces
Afghanistan50%
Australia50%
Bangladesh50%
Bosnia & Herzegovina50%
Brazil50%
Cambodia50%
Canada50%
Chile50%
Languages at hometop languages
English only50%
Afrikaans50%
Arabic50%
Australian Indigenous50%
Cantonese50%
Mandarin50%
Other Chinese50%
Croatian50%
Ancestry% reporting · multi-response
Australian50%
Aboriginal/Torres Strait Islander50%
Chinese50%
Croatian50%
Dutch50%
English50%
Faith & belieftap Christianity
No religion50%
▸Christianity50%
Islam50%
Buddhism50%
Hinduism50%
Judaism50%
Other religions50%
Family originsparents’ birthplace
50%
50%
50%
Both parents overseas50%One parent overseas50%Both parents in Australia50%
A strongly multicultural community with deep migrant heritage.
When migrants arrivedshare of overseas-born
Before 198150%
1981-200050%
2001-201050%
2011-201550%
2016-202150%
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.
Census · ABS 2021
Housing & affordability in Cranbourne South
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Affordability at a glance
LowMedianHighPercentile
Median weekly rentⓘMiddle weekly rent paid by renting households.Top 27%Median weekly rent · $309/wk — above average: in the top 27%, higher rent than 73% of Aussie suburbs.
Median monthly mortgageⓘMiddle monthly mortgage repayment among households with a mortgage.Top 50%Median monthly mortgage · $1,117/mo — typical: right around the median for Aussie suburbs.
Rent stress (rent ÷ income)ⓘMedian weekly rent as a share of median weekly household income — a rough rental-affordability gauge. Higher = rent takes a bigger bite.Top 50%Rent stress · 50% — typical: right around the median for Aussie suburbs.
Mortgage stress (repay ÷ income)ⓘMedian mortgage repayment (converted to weekly) as a share of median weekly household income. Higher = repayments take a bigger bite.Top 50%Mortgage stress · 50% — typical: right around the median for Aussie suburbs.
High mortgage (≥$3k/mo)ⓘMortgaged households repaying $3,000 or more per month.Top 50%High mortgage · 50% — typical: right around the median for Aussie suburbs.
Social housingⓘHouseholds renting from a state housing authority or community housing provider.Top 50%Social housing · 50% — typical: right around the median for Aussie suburbs.
Unoccupied on census nightⓘDwellings recorded as unoccupied on Census night — holiday homes, between-tenant rentals, etc.Top 50%Unoccupied on census night · 50% — typical: right around the median for Aussie suburbs.
Large dwellings (4+ bed)ⓘOccupied dwellings with 4 or more bedrooms.Top 50%Large dwellings · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Bedrooms per dwellingshare of dwellings
50%0
50%1
50%2
50%3
50%4
50%5
50%6+
Who owns vs rentsoccupied dwellings
50%
50%
50%
50%
Owned outright50%Mortgage50%Renting50%Other50%
What’s built heredwelling types
50%
50%
50%
50%
House50%Townhouse50%Apartment50%Other50%
50% separate houses50% apartments50% high-rise
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.
Census · ABS 2021
Income & employment in Cranbourne South
Incomes, employment, and the occupation mix of the people who live here.
Income & work at a glance
LowMedianHighPercentile
Median personal incomeⓘMiddle weekly income of individuals aged 15+.Top 30%Median personal income · $836/wk — above average: in the top 30%, higher personal income than 70% of Aussie suburbs.
Median family incomeⓘMiddle weekly income of families.Bottom 45%Median family income · $1,928/wk — typical: right around the median for Aussie suburbs.
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
High earners (≥$2k/wk)ⓘResidents earning $2,000 or more per week.Top 50%High earners · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Occupations
LowMedianHighPercentile
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
Clerical & adminⓘEmployed residents in clerical and administrative jobs.Top 50%Clerical & admin · 50% — typical: right around the median for Aussie suburbs.
Community & personal serviceⓘEmployed residents in community and personal-service jobs — care, hospitality, security and similar.Top 50%Community & personal service · 50% — typical: right around the median for Aussie suburbs.
Sales workersⓘEmployed residents in sales jobs.Top 50%Sales workers · 50% — typical: right around the median for Aussie suburbs.
Technicians, trades & labourersⓘEmployed residents in technical/trade, machinery-operating and labouring jobs.Top 50%Technicians, trades & labourers · 50% — typical: right around the median for Aussie suburbs.
Household incomeheight = share of households · weekly
Personal incomeheight = share of residents 15+ · weekly
A typical household pulls in about 1.9× the typical individual — a multi-earner area.
Labour forceemployment status · residents 15+
50%
50%
50%
50%
50%
Employed full-time50%Employed part-time50%Employed (away/other)50%Unemployed50%Not in labour force50%
LowMedianHighPercentile
Full-time workersⓘResidents in the labour force who are employed full-time.Top 50%Full-time workers · 50% — typical: right around the median for Aussie suburbs.
Part-time workersⓘEmployed residents working part-time, of all employed.Top 50%Part-time workers · 50% — typical: right around the median for Aussie suburbs.
Unemployment rateⓘShare of the labour force (people working or actively looking) who are unemployed — not a share of all residents.Top 50%Unemployment rate · 50% — typical: right around the median for Aussie suburbs.
Not in labour forceⓘResidents 15+ neither working nor looking for work — retirees, students, carers.Top 50%Not in labour force · 50% — typical: right around the median for Aussie suburbs.
Labour-force participationⓘResidents 15+ who are in the labour force — working or looking for work.Top 50%Labour-force participation · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
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.
Census · ABS 2021
Getting around Cranbourne South
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Transport at a glance
LowMedianHighPercentile
Public transport to workⓘCommuters who travelled to work by train, bus, ferry or tram, of those who travelled.Top 50%Public transport to work · 50% — typical: right around the median for Aussie suburbs.
Walked or cycled to workⓘCommuters who walked or cycled to work, of those who travelled.Top 50%Walked or cycled to work · 50% — typical: right around the median for Aussie suburbs.
Worked from homeⓘEmployed residents who worked from home in the Census week — elevated by COVID in 2021.Top 50%Worked from home · 50% — typical: right around the median for Aussie suburbs.
No motor vehicleⓘHouseholds with no motor vehicle.Top 50%No motor vehicle · 50% — typical: right around the median for Aussie suburbs.
Vehicles per dwellingⓘAverage number of motor vehicles per household.Bottom 14%Vehicles per dwelling · 1.00 — well below average: in the bottom 14%, fewer vehicles per home than 86% of Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Journey to workamong commuters · top modes
Car (driver)50%
Car (passenger)50%
Train50%
Bus50%
Tram/light rail50%
Ferry50%
Walked50%
Vehicles per dwellingshare of households
50%0
50%1
50%2
50%3
50%4+
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
Schools in and around Cranbourne South
1 school inside Cranbourne South, plus the closest options around it. Families can choose from 1 primary school in Cranbourne South and its surrounds — no high school sits within this radius. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
Within Cranbourne South1schools in the suburb itself
Primary schools1within 5 km · nearest in suburb
Secondary schools0within 5 km · nearest 7.3 km
Median ICSEA rank50thenrolment-weighted
What is ICSEA Rank?
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.
Nearby within1 school
- Within Cranbourne South · 1Order by
- 1Cranbourne South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students525Multilingual50%ICSEA Rank50th
Government
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.
Census · ABS 2021
Turnover
How settled or transient the community is — and where newcomers came from.
Settledness at a glance
LowMedianHighPercentile
Settled 5+ yearsⓘResidents living at the same address as five years ago — how settled the community is.Top 50%Settled 5+ years · 50% — typical: right around the median for Aussie suburbs.
Moved in past yearⓘResidents living at a different address one year earlier.Top 50%Moved in past year · 50% — typical: right around the median for Aussie suburbs.
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.Top 50%Arrived from overseas · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Where residents lived 5 years agoof those who stated
50%
50%
50%
50%
Same address50%Moved within area50%From elsewhere in Australia50%From overseas50%
Residential paceshare of residents
Moved in the past yearⓘResidents living at a different address one year earlier.50%
Moved in the past 5 yearsⓘResidents not living at the same address as five years ago.50%
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.50%
Property market
Market snapshot
Cranbourne South median house price & rent
Headline price, rent, yield and time on market for Cranbourne South — choose a property type and size below.
Active segment
Houses
Units
Days on marketⓘLast 12 months
20
↑ 6 days YoY
SoldⓘLast 12 months
15
↑ +0.5% YoY
Months of supplyⓘLast 12 months
5.3mo
Median rentⓘLast 12 months
$423/w
↑ +50.0% YoY
Days to leaseⓘLast 12 months
12
↑ 1 day YoY
LeasedⓘLast 12 months
25
↑ +0.5% YoY
Gross yieldⓘLast 12 months
3.16%
Annualised
Data confidenceSales sample18StrongLease sample11Strong
Segment breakdown
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Demand percentile 0–100 · last 12 months12-mo change
Sales
Rental
Demand
Segment
Sold
Price
DOM
Leased
Rent
DOM
Yield
SalesRent
01
Houses · 2 bed18 sales · 11 leases
Sold15+0.5%
Price$630k▲+50.0%
Sales DOM20 days▼−6d
Leased25▲+50.0%
Rent—
Rental DOM—
3.16%
Sales—
Rent—
02
Houses · 3 bed18 sales · 11 leases
Sold15+0.5%
Price$630k▲+50.0%
Sales DOM20 days▼−6d
Leased25+0.5%
Rent—
Rental DOM—
3.16%
Sales50/100
Rent—
03
Houses · 4 bed18 sales · 11 leases
Sold15+0.5%
Price$630k▲+50.0%
Sales DOM20 days▼−6d
Leased25+0.5%
Rent—
Rental DOM—
3.16%
Sales50/100
Rent—
04
Units · 2 bed18 sales · 11 leases
Sold15▲+50.0%
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
05
Units · 3 bed18 sales · 11 leases
Sold15▲+50.0%
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
06
Units · 1 bed18 sales · 11 leases
Sold—
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales1/100
Rent—
All houses
Sold15+0.5%
Price$630k▲+50.0%
Sales DOM20 days▼−6d
Leased25+0.5%
Rent—
Rental DOM—
3.16%
Sales50/100
Rent—
All units
Sold15▲+50.0%
Price$630k
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales1/100
Rent—
Where each segment ranks
Cranbourne South property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Metric
Ranked against
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.
Houses
3/3above median
02550 · MEDIAN75100
Percentile vs VIC
Value
Units
0/2above median
02550 · MEDIAN75100
Percentile vs VIC
Value
The buy-versus-rent equation
Buying vs renting in Cranbourne South
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.
Property
Compare to
Houses · 3 bed: +50%
Houses · 4 bed: +50%
Houses · Total: +50%
VIC MEDIAN · +39%
Rent covers itRenting matches or beats the cost of owning−10% to 0%
BalancedMortgage roughly matches asking rent+30% to +60%
Far pricier to ownBuying costs much more than renting+100% to +130%+
BreakdownLast 12 months
Holding cost
Mortgage
Rent
Premium
Band
Assumes 80% LVR·6.0% rate·30y P&I
Premium = (weekly mortgage − weekly rent) ÷ weekly rent. Band thresholds are national breakpoints across ~11,400 eligible Australian segments — the Typical premium band spans national P25 to P75, so it’s literally what’s typical.
Market data
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Side
View
Property
Bedrooms
Radius
Compared against
Sales market velocity
5 nearby suburbs · 10km · Total house · sales
risingfalling
DOM change YoYis demand rising or falling?
median
median
Recoveryweak but rising
Boomstrong and rising
Troughweak and falling
Peakstrong but easing
Nearby suburb
Demand index
46 / 100vs VIC
Days on market
21 days▲ +8 days YoY
Median price
$546k▲ +6.7% YoY
Sold (last year)
84▼ −11.0% YoY
Nearby suburb
Demand index
100 / 100vs VIC
Days on market
11 days0 days YoY
Median price
$758k▲ +4.1% YoY
Sold (last year)
258▼ −6.5% YoY
Nearby suburb
Demand index
98 / 100vs VIC
Days on market
14 days▲ +1 day YoY
Median price
$465k▲ +5.0% YoY
Sold (last year)
201▼ −1.9% YoY
Nearby suburb
Demand index
100 / 100vs VIC
Days on market
5 days▼ −5 days YoY
Median price
$491k▲ +6.2% YoY
Sold (last year)
65▼ −19.5% YoY
Nearby suburb
Demand index
66 / 100vs VIC
Days on market
15 days▲ +1 day YoY
Median price
$383k▲ +10.0% YoY
Sold (last year)
24▼ −3.4% YoY
Cranbourne South · this suburb
Demand index
64 / 100vs VIC
Days on market
20 days▼ −6 days YoY
Median price
$630k▲ +50.0% YoY
Sold (last year)
15▲ +0.5% YoY
weakSales market velocityhow strong sales demand isstrong
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
Market data
Cranbourne South against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Cranbourne South in blue, peers in colour.
Pair
View
Property
Bedrooms
Radius
How fast — and is it getting faster?
4 peer suburbs · 10km · Total house
fasterslower
DOM change YoYvs 12 months ago
median
median
Recoveringquiet but accelerating
Boomingbusy and accelerating
Stalledquiet and slowing further
Coolingbusy but slowing
Nearby suburb
Demand index
31 / 100vs Australia
Days on market
21 days▲ +8 days YoY
Median price
$546k▲ +6.7% YoY
Sold (last year)
84▼ −11.0% YoY
Gross yield
2.78%
Nearby suburb
Demand index
54 / 100vs Australia
Days on market
11 days0 days YoY
Median price
$758k▲ +4.1% YoY
Sold (last year)
258▼ −6.5% YoY
Gross yield
1.89%
Nearby suburb
Demand index
67 / 100vs Australia
Days on market
14 days▲ +1 day YoY
Median price
$465k▲ +5.0% YoY
Sold (last year)
201▼ −1.9% YoY
Gross yield
3.00%
Nearby suburb
Demand index
77 / 100vs Australia
Days on market
5 days▼ −5 days YoY
Median price
$491k▲ +6.2% YoY
Sold (last year)
65▼ −19.5% YoY
Gross yield
3.00%
Cranbourne South · this suburb
Demand index
50 / 100vs Australia
Days on market
20 days▼ −6 days YoY
Median price
$630k▲ +50.0% YoY
Sold (last year)
15▲ +0.5% YoY
Gross yield
3.16%
slowDays on marketmedian days to sellfast
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
How much is available right now?
Housing supply & months of stock
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.
View
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|
median
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|
median
Severe
Very Tight
Tight
Balanced
Loose
Very Loose
Saturated
Under-suppliedOver-supplied
Market data
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Property
Cranbourne South — Units & Houses, all bedrooms
Jul 2021 – Jun 2026 · each point = a 12-month window
0%25%50%75%100%20222023202420252026
Sales · buyer transactions
Leases · tenant transactions
Five-year arc
Cranbourne South median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Cranbourne South fell from $814k (Jul 2021) to $530k (Jun 2026) — a 34.9% decline over five years — peaking at $1.21M between Feb 2021 and Jan 2022. Median house rent went from $315/wk to $432/wk (+37.1%) over the same period.
PropertyBedrooms
Median price (trailing year)
Jun 2026
$530k-2.9%
5y median $588kvs last year $546k
Total sales (trailing year)
Jun 2026
53-36.1%
5y median 46vs last year 83
Days on market (trailing year)
Jun 2026
21 days-4
5y median 20 daysvs last year 25 days
Median rent (trailing year)
Jun 2026
$432/wk-12.7%
5y median $384/wkvs last year $495/wk
Total leases (trailing year)
Jun 2026
40-29.8%
5y median 48vs last year 57
Days on market (rental) (trailing year)
Jun 2026
15 days+0
5y median 15 daysvs last year 15 days
Gross yield (trailing year)
Jun 2026
2.82%-0.51 pt
5y median 2.38%vs last year 3.33%
Months of supply
Jun 2026
3.8 months+90.3%
5y median 2.7 monthsvs last year 2.0 months
Months of supply (rental)
Jun 2026
1.1 months-6.7%
5y median 1.1 monthsvs last year 1.2 months
Nearby markets
Suburbs near Cranbourne South: prices compared
The nearest suburbs to Cranbourne South, ranked by distance — each lined up against Cranbourne South on the same measures, so the differences jump out at a glance.
Market
Property
Bedrooms
Radius
Colour by
This marketCranbourne SouthVIC 3977 · Houses · Total
Price$630k
DOM20 days
Sold15
5 markets within 5kmLast 12 months
01
Botanic RidgeVIC 3977 · 1.1km · Houses · Total
Price$546k
DOM21 days
Sold84
cheapersimilar speed
02LangwarrinVIC 3910 · 2.0km · Houses · Total
Price$758k
DOM11 days
Sold258
pricierfaster
03Junction VillageVIC 3977 · 2.9km · Houses · Total
Price$383k
DOM15 days
Sold24
much cheaperfaster
04SkyeVIC 3977 · 3.6km · Houses · Total
Price$491k
DOM5 days
Sold65
cheapermuch faster
05CranbourneVIC 3977 · 4.2km · Houses · Total
Price$465k
DOM14 days
Sold201
cheaperfaster
Houses · TotalSales market
Stat colourHow each suburb's stat compares to Cranbourne South
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Similar markets
Suburbs like Cranbourne South
Suburbs anywhere in VIC that behave like Cranbourne South — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Cranbourne South vs Narre Warren South: the closest sales-market match trades at a median of $486k against Cranbourne South's $630k — about 23% lower, with homes selling in 13 days versus 20 days here.
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Property
Bedrooms
Market
This marketCranbourne SouthVIC 3977 · Houses · Total
Price$630k
DOM20 days
Sold15
Most similar sales markets · within 6.9–31 kmLast 12 months
0102030405
Narre Warren SouthVIC 3805 · 9km · 60% match
Price$486k
DOM13 days
Sold326
DerrimutVIC 3026 · 31km · 48% match
Price$505k
DOM16 days
Sold52
BoroniaVIC 3155 · 25km · 54% match
Price$461k
DOM19 days
Sold191
Cranbourne NorthVIC 3977 · 7km · 60% match
Price$660k
DOM19 days
Sold209
HallamVIC 3803 · 9km · 58% match
Price$691k
DOM14 days
Sold77
Stat colourHow each suburb's stat compares to Cranbourne South
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Comparable sales markets to Cranbourne South: Narre Warren South market trends, Derrimut (VIC 3026), Boronia property growth, Cranbourne North property market and Hallam property growth.
Cranbourne South's closest rental-market twins: Derrimut, VIC property market, Cranbourne North property growth, Narre Warren South (VIC 3805), Boronia property growth and Hallam house prices. Each link opens that suburb's full market report.
Market data
Frequently asked · Cranbourne South
26 data-driven answers about Cranbourne South's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Cranbourne South?
#The median house price in Cranbourne South, VIC 3977 is $630k as of June 2026, based on 18 sales over the past 12 months. Houses there have moved +50.0% 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.
What is the median unit price in Cranbourne South?
#The median unit price in Cranbourne South, VIC 3977 is $630k as of June 2026, based on 18 sales over the past 12 months. Units currently trade at roughly 100% of the median house price.
How much does it cost to rent in Cranbourne South?
#The median weekly house rent in Cranbourne South is $423 as of June 2026, drawn from 11 leases over the past 12 months. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Cranbourne South?
#A 3 bedroom house in Cranbourne South rents for a median $423 per week as of June 2026, drawn from 11 leases over the past 12 months. Across other house sizes: 2-bedroom $423/week, 4-bedroom $423/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Cranbourne South?
#Gross rental yield in Cranbourne South is 3.16% for houses as of June 2026, compared with the VIC unit median of 4.57%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Cranbourne South?
#As of June 2026, Cranbourne South medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $630k | $630k | $630k | $630k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Cranbourne South median?
#At the median Cranbourne South house ($630k purchase, $423/week rent), weekly mortgage repayments sit at roughly $647 — about $224 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.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Cranbourne South's property market trends?
#Cranbourne South's property market trends to June 2026: house prices rose +50.0% year-on-year; weekly house rents moved +50.0%; homes now sell in a median 20 days — faster than a year ago by 6; sales supply sits at 5.3 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Cranbourne South market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Cranbourne South as an investment?
#As of June 2026 in Cranbourne South, house prices rose +50.0% over the year, gross rental yield is 3.16% against a VIC median of 2.07%, houses take a median 20 days to sell, sales supply is 5.3 months (very loose). 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.
How quickly do houses sell in Cranbourne South?
#Houses in Cranbourne South sell in a median 20 days on market as of June 2026. Days on market have tightened by 6 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Cranbourne South a tight or loose property market right now?
#Cranbourne South's sales market sits at 5.3 months of supply for houses as of June 2026 — classified as Very Loose 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 0.4 months of supply.
Have property prices in Cranbourne South gone up or down?
#House prices in Cranbourne South moved +50.0% over the 12 months to June 2026. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Cranbourne South?
#Cranbourne South's house rental market sits at 0.4 months of supply as of June 2026 — classified as Severe (extreme shortage), with 25 houses leased over the past 12 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Cranbourne South in its property market cycle?
#Cranbourne South's house market is currently in the 'in_demand_easing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Cranbourne South compare to other VIC suburbs?
#Cranbourne South's median house price ($630k) is 8% above the VIC median ($582k) as of June 2026. On selling speed, houses clear in 20 days vs 24 days state median. On gross yield, Cranbourne South sits at 3.16% vs 2.07% state median.
How does Cranbourne South compare to neighbouring suburbs?
#Cranbourne South's most-similar nearby market is Narre Warren South (9.0 km away) with a median house price of $486k — about 23% 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.
What's the most popular property type in Cranbourne South?
#The most-transacted segment in Cranbourne South over the 12 months to June 2026 is 2 bed houses with 15 sales. 3 bed houses come second at 15 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Cranbourne South last year?
#Cranbourne South recorded 15 house sales and 15 unit sales over the 12 months to June 2026 — a combined 30 transactions. On the rental side, 25 houses and 0 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Cranbourne South in?
#Cranbourne South is in postcode 3977, in the South East Melbourne region of VIC. Addresses there are written as Cranbourne South, VIC 3977.
What is the population of Cranbourne South?
#Cranbourne South, VIC 3977 is home to 2,265 residents (ABS Census 2021). The median resident age is 26, and the average household holds 2.2 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Cranbourne South?
#The median household in Cranbourne South earns $2k per week — roughly $82k a year (ABS Census 2021). Median personal income runs $836/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Cranbourne South?
#The unemployment rate in Cranbourne South is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Cranbourne South?
#Cranbourne South is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Cranbourne South?
#Cranbourne South has 150 schools within reach, 1 of them inside the suburb itself — including Cranbourne South Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Cranbourne South a good place to live?
#Cranbourne South, VIC 3977 has a population of 2,265, a median age of 26, a median household income around $2k/week, 50% of households renting (ABS Census 2021). There are 150 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.
About this data
Methodology and update cadenceWhen was this Cranbourne South market data last updated?
#This Cranbourne South market data was last updated July 2026, covering the 12 months to 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.