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City of Casey

Cranbourne South

Cranbourne South Property Market
& Suburb Profile

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MEDIAN PRICES IN CRANBOURNE SOUTH

Median house price

(all agencies, last 12 months)$800k*

House price change

(all agencies, last 12 months)+8.11%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

CRANBOURNE SOUTH price TRACKER

Houses

Cranbourne South sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)32

Average held period in Cranbourne South

(proptrack)5 years

Cranbourne South Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$681pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$526pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.47%

Average rental yield for Units

(all agencies, last 12 months)4.12%

Cranbourne South total population size

(as at the last census)3,241

Median household size in Cranbourne South

(as at the last census)2.9

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Cranbourne South property types

  • Houses 67%
  • Other 33%

OCCUPANCY in Cranbourne South

  • Owned 86%
  • Rented 10%
  • Other/Not Stated 4%
  • Singles 13%
  • Families 84%
  • Other 2%

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About Cranbourne South

Cranbourne South is a unique and rapidly developing south-eastern suburb, located approximately 50 kilometres from Melbourne's CBD, offering a tranquil blend of semi-rural charm and modern, master-planned living that appeals strongly to families seeking space, privacy, and new infrastructure.

The area is defined by a dichotomy of older, traditional large acreage properties and hobby farms, juxtaposed with major new residential estates like Settlers Run and Botanic Ridge, which feature quality modern homes and exclusive lifestyle amenities such as golf and country clubs. This diversity in housing stock, with a high proportion of standalone houses, caters to buyers seeking both expansive acreage and community-focused modern living.

Residents appreciate the peace and quiet and benefit from proximity to excellent natural attractions, most notably the magnificent Royal Botanic Gardens Cranbourne, which provides extensive parklands and walking trails.

Education is well-supported by local institutions like Cranbourne South Primary School and nearby St Peter's Secondary College, which are integral to the suburb’s family appeal.

While public transport is limited to bus services, connectivity is strong via major arterial roads, including the South Gippsland Highway and Western Port Highway, offering easy vehicular access to the city and the nearby Cranbourne Train Station for a direct rail commute.

For investors, Cranbourne South presents an attractive growth market with a high demand for rentals, driven by the increasing population of families and professionals drawn to its unique balance of modern amenity and serene, country-like setting.

Education

Cranbourne South Primary School
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Sales Comparison

Find out how Cranbourne South median sales prices compare to neighbouring suburbs.

Cranbourne South MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025102$400,0008.11%97$604pw3.79%
202488$413,5006.71%83$600pw3.87%
202361$387,500-17.11%59$562pw3.66%
202248$467,500-33.21%67$498pw3.36%
202159$700,00048.54%26$461pw2.86%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025102$400,000+8.11%
202488$413,500+6.71%
202361$387,500-17.11%
202248$467,500-33.21%
202159$700,000+48.54%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202597$604pw3.79%
202483$600pw3.87%
202359$562pw3.66%
202267$498pw3.36%
202126$461pw2.86%

PROUDLY SERVICING Cranbourne South

Barry Plant
Cranbourne

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.