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Cranebrook Suburb Insights
VICLocation Information
Suburb Name
Cranebrook, VIC
Distance from CBD
11.2 kmDemographics
Population
15,759
Median Income
$40,716
Area Information
Area
14.95 km²
Population Density
1054 people/km²
Property Market
Median Price
$810,961
Annual Growth
+18.2%Property Price Trend Analysis
Current Median Price
$810,961
Annual Growth
+18.2%
Quarterly Growth
+1.1%
Price Trends - Last 6 Months
2024-01
$621,997
+10.1%2024-02
$900,824
+12.9%2024-03
$861,969
+5.3%2024-04
$439,938
+6.9%2024-05
$1,027,912
+7.2%2024-06
$979,812
+15.6%Property Type Price Analysis
House
Median Price
$1,011,597
Growth Rate
+7.6%Available Listings
238 properties
Apartment
Median Price
$586,992
Growth Rate
+13.2%Available Listings
371 properties
Townhouse
Median Price
$770,516
Growth Rate
+11%Available Listings
332 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy