Cranbourne
Suburb profile, market snapshot and recent listings for Cranbourne, VIC 3977.
About Cranbourne
Welcome to Cranbourne
Cranbourne sits in Melbourne's south-eastern growth corridor, roughly 45 kilometres from the CBD, and has long served as the commercial and social hub of the wider Casey area. Once a rural service town surrounded by market gardens, it has grown into a busy, self-contained centre with its own racecourse, botanic gardens and shopping precinct, while retaining pockets of the older township feel around its main street.
With a population of 21,281 and a median age of 35, Cranbourne attracts a mix of young families, first-home buyers and long-term locals. It suits people who want space, relative affordability and easy access to schools and services, without needing to be in the inner suburbs — and it's flanked by Cranbourne North, Cranbourne East, Eastleigh Cranbourne East, Lyndhurst and Narre Warren South, all part of the same fast-growing pocket of Melbourne's south-east.
Lifestyle & dining
Cranbourne's town centre has a genuine main-street feel, with cafes, takeaway food, pubs and everyday services clustered around High Street and the surrounding grid. It's not a foodie destination in the inner-city sense, but it covers the essentials well, and the Royal Botanic Gardens Cranbourne — the southern outpost of Melbourne's Royal Botanic Gardens — gives locals a genuine drawcard for weekend walks among Australian native landscapes. Cranbourne Racecourse also anchors the suburb's identity, hosting regular race meetings that draw crowds from across the region.
Shopping
Cranbourne Park Shopping Centre is the retail anchor, offering a full-line supermarket and a solid spread of specialty stores, while the surrounding strip shops fill in the gaps with bakeries, chemists and smaller retailers. Between the town centre and the growth areas of Cranbourne North and Cranbourne East, residents have good access to bulky goods and homemaker centres as well, making it a reasonably self-sufficient place to live day to day.
Getting around
Cranbourne railway station sits at the end of the Cranbourne line, giving residents a direct run into the city on the Pakenham/Cranbourne corridor, useful for commuters who don't want to rely on the car for every trip. The suburb is also well served by the South Gippsland Highway and Western Port Highway, both of which connect through to the Monash Freeway and on to the broader Melbourne road network. Local bus routes link Cranbourne with neighbouring Narre Warren South, Lyndhurst and the Cranbourne North and East growth areas.
Schools & families
Families are well catered for locally, with Cranbourne Primary School, Cranbourne Park Primary School, Cranbourne Carlisle Primary School, Cranbourne West Primary School and Rangebank Primary School all offering government primary options within the suburb, alongside Lighthouse Christian College Cranbourne for those seeking an independent, faith-based education. The spread of schools across different pockets of Cranbourne means most residents have a choice within a short drive or walk of home.
Housing & architecture
The housing stock is dominated by detached houses, which make up 75% of current listings, reflecting Cranbourne's suburban, family-oriented character. Townhouses account for 9% of listings and apartments or units 14%, giving buyers and renters some choice in dwelling type, while a small 2% of listings are vacant land, appealing to those wanting to build. Much of the housing dates from recent decades of suburban expansion, with brick veneer homes on standard suburban blocks the norm, complemented by newer builds pushing out toward Cranbourne East and Cranbourne North.
The property market
Cranbourne's median house price currently sits at $690,000, with units and apartments at a median of $502,000, positioning the suburb as one of the more accessible options within cooee of Melbourne. House prices have risen 9.4% recently, a solid pace of growth that reflects continued demand from families and investors drawn to the area's affordability and infrastructure. Median rent of $530 a week points to healthy rental demand too, making Cranbourne a suburb of interest both for owner-occupiers chasing value and investors eyeing growth potential in Melbourne's south-east.
Market snapshot
Cranbourne property market
Median sale price
$690k
House · 3 bed
Median rent
$530
per week
Gross rental yield
4.0%
annual rent ÷ sale price
Typical price range
Entry
$589k
Median
$690k
Premium
$774k
Days on market
16
Auction clearance
68%
Sold this year
252
Median sold price trend · House 3 bed
Compound growth +2.7% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Cranbourne by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Cranbourne, VIC 3977.
Population
21,281
residents (2021)
Median age
35
years
Household income
$1,477
median, per week
Median rent
$342
per week
Median mortgage
$1,627
per month
Mortgage / income
25%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Cranbourne
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Cranbourne
$550k
4 Roberts Road
Sold ~July 2026
$595k
3/4 Mundaring Drive
Sold ~July 2026
$590k
1/39 Normanby Street
Sold ~July 2026
$740k
13 Duff Street
Sold ~July 2026
$679k
43 Honey Myrtle Way
Sold ~July 2026
$670k
26 Woodright Circuit
Sold ~July 2026
$875k
6 Waterbury Street
Sold ~July 2026
$575k
2/18 Codrington Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Cranbourne
Compare the area
Price map around Cranbourne
Every listing for sale near Cranbourne, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
Loading price map…
Common questions
Cranbourne suburb FAQ
What is the median property price in Cranbourne?
The median house price in Cranbourne, VIC is $690k for a 3-bedroom home. Over the past year, median sold prices have risen about 9.4%.
How much is rent in Cranbourne?
The median weekly rent in Cranbourne is around $530 per week.
Is Cranbourne a good place to live?
Cranbourne is a suburb in Melbourne, Victoria, Australia, 43 km south-east of Melbourne's Central Business District, located within the City of Casey local government area. Cranbourne is an established residential suburb in VIC, with a population of around 21,281 and 10 schools in the area.
What is the population of Cranbourne?
Cranbourne has a population of 21,281 (ABS 2021 Census), with a median age of 35.
What schools are in Cranbourne?
There are 10 schools in or near Cranbourne, including Lighthouse Christian College Cranbourne, Cranbourne Carlisle Primary School and Cranbourne Park Primary School.
How long do homes take to sell in Cranbourne?
Properties in Cranbourne take around 16 days to sell on average, with an auction clearance rate of about 68%.
How much do you need to buy in Cranbourne?
Entry-level properties in Cranbourne start around $589k, while premium homes reach $774k.
What suburbs are near Cranbourne?
Suburbs near Cranbourne include Cranbourne North, Narre Warren South, Lyndhurst, Cranbourne East and Eastleigh Cranbourne East.
Fresh to market
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