Cranbourne is a sprawling south-east Melbourne hub with a train line, established schools and significant new estate development. Its affordability relative to inner Melbourne continues to attract families from across the city. At the current $650k median house price, an 80% loan at 6.25% over 30 years is about $3,202 per month.
| Median house price | $650,000 |
|---|---|
| Median unit price | $460,000 |
| Estimated monthly repayment | $3,202 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 4.2% |
| Gross rental yield | 3.9% |
| Typical days on market | 28 |
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