Cranbourne North Property Market Overview (2026)
Cranbourne North sits in the affordable outer-suburban market. This is value territory. Prices are lower than inner Melbourne because the suburb is still developing its amenity base, but growth corridors tend to appreciate as infrastructure catches up.
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $550K–$850K | $2,200–$3,400 |
| Unit/Apartment | $350K–$500K | $2,000–$3,000 |
Estimates based on Cranbourne North’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Cranbourne North
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Cranbourne North stacks up:
| Amenity Factor | Cranbourne North | Impact on Value |
|---|---|---|
| Schools | 9 | Strong — school zones drive family demand |
| Parks | 19 | High — green space is a premium driver |
| Dining & Cafes | 6 | Developing |
| Medical | 4 | Adequate |
| Supermarkets | 5 | Convenient |
| Gyms & Fitness | 2 | Some options |
Total amenity score: 56. Growing infrastructure — early buyers may benefit from appreciation as the suburb develops.
Schools (Key Value Driver)
Cranbourne North has 9 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Hillsmeade Primary School | 82S The Promenade |
| Courtenay Gardens Primary School | 62-76 Courtenay Avenue |
| Alkira Secondary College | — |
| Cranbourne Carlisle Primary School | 15 Silky Oak Drive |
| Lyndhurst Secondary College | — |
| St Therese’s Primary School | 131 Endeavour Drive |
| Rangebank Primary School | 14-36 Lesdon Avenue |
| Tulliallan Primary School | 89 Wheelers Park Drive |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $260–$360 |
| 2 Bedroom | $350–$450 |
| 3 Bedroom | $450–$600 |
Rental yield estimate: 4.5–5.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Cranbourne North
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Cranbourne North are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Cranbourne North Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Cranbourne North
- Best Cafes in Cranbourne North
- Best Bars in Cranbourne North
- Cost of Living in Cranbourne North
- Cranbourne North Neighbourhood Guide
- Family Guide to Cranbourne North
- Is Cranbourne North Safe?
- Cranbourne North Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
Data sourced from Google Places, OpenStreetMap, and ABS Census. Compiled April 2026. Found an error? Contact us.
💬 Discussion
Join the conversation — no account needed