The Cranbourne North suburb profile reveals a vibrant community appealing to families and young professionals with its diverse amenities and growth potential. Located on Melbourne’s southeastern fringe, the area offers affordable housing, strong investment opportunities, and a family-friendly lifestyle.

• Cranbourne North has a population of 24,683 with a median age of 32.0, according to ABS Census 2021.
• Median house prices are $771k, increasing 7.0% QoQ in Apr-Jun 2025, while units reached $560k, up 14.3% QoQ.
• Median household income stands at $1,941 per week, with a median rent of $385/week, highlighting affordable living options.

What do the numbers say in Cranbourne North?

When analyzing the suburb profile for Cranbourne North, several key metrics stand out. According to the ABS Census 2021, the population is 24,683, with a median age of just 32, indicating a youthful and dynamic community. The median household income is $1,941 per week, reflecting a comfortable living standard, while the median rent is $385, which emphasizes affordability in the region.

The property market is also on the rise. Data from the April to June 2025 quarter shows the median sale price for houses at $771k, marking a 7.0% increase from the previous quarter. For units, the median price hit $560k with a significant quarterly growth of 14.3%, according to DataVic/REIV.

What are the key considerations?

Investing in Cranbourne North offers a number of benefits. With its demographic leaning towards younger families, the area is well-equipped with educational facilities and recreational spaces. Moreover, the strong quarterly and annual growth in median property prices indicate a robust real estate market. Prospective buyers and investors should consider the suburb’s proximity to major commercial hubs and its planned developments that promise future growth.

Furthermore, Cranbourne North’s strategic location offers easy access to essential transport links and amenities. For those exploring more regional profiles, consider examining neighbouring areas such as the Clyde North suburb profile or Sunshine North suburb profile for additional insights into the surrounding regions.

How does Collings help?

Collings Real Estate provides a range of specialist services to help prospective buyers and investors navigate the Cranbourne North property market. With in-depth suburb intelligence and tailored advice, we ensure our clients are well-equipped to make informed decisions. Our team of experienced property strategists is available to guide you through the intricacies of the market. Talk to a Collings property strategist to utilize our exclusive off-market portal and gain early access to potential properties.

Frequently Asked Questions

What is the median age and income in Cranbourne North? The median age in Cranbourne North is 32, and the median household income is $1,941/wk, as per ABS Census 2021.

How much have property prices increased recently? Property prices for houses increased by 7.0% QoQ, while unit prices surged by 14.3% QoQ in Apr-Jun 2025.

What makes Cranbourne North ideal for families? The suburb offers ample educational facilities, recreational spaces, and a community-oriented environment ideal for young families.