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Cranbourne East, VIC 3977
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$750,000
market range $700K-$875K
Median Unit
$580,000
market range $525K-$700K
Gross Yield (houses)
4.2%
1yr Growth (houses)
+5.3%
market range +2.5% to +20.0%
Investment snapshot for Cranbourne East
Cranbourne East has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cranbourne East market and investor summary
Cranbourne East (VIC 3977) runs a median house price of $750K, with houses yielding a gross 4.2%. House prices have moved +5.3% over the past year. At 2.4% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.2% is neither a standout cashflow play nor a pure growth bet.
Living in Cranbourne East: people, income and schools
About 24,679 people live in Cranbourne East, and the area has been growing steadily, up about 16% over five years. The median age is 31, younger than the national median, and 71% of homes are owner-occupied.
Households here earn a median of about $99,000 a year, or roughly $1,910 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 7.5 times local household income, in line with much of metropolitan Australia. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
There are 32 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 44 km from the CBD. It is fairly car-dependent; the suburb scores 28 for walkability and 19 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 24,679
- +16% over 5yr
- Median age
- 31 years
- Median household income
- $99,000/yr
- Households renting
- 23%
- Family households
- 84%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 32
- avg ICSEA 990
- Unemployment
- 5.7%
- Distance to CBD
- 44 km
- Walk score
- 28/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cranbourne East
View all →Frequently asked questions about Cranbourne East
What should I check before investing in Cranbourne East?
Cranbourne East has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Capital growth of +5.3% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Cranbourne East?
The median property price in Cranbourne East, VIC 3977 is $750K for houses and $580K for units.
What rental yield does Cranbourne East show?
The gross rental yield in Cranbourne East is 4.2% for houses and 4.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Cranbourne East?
House prices in Cranbourne East are up 5.3% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Cranbourne East?
The current vacancy rate in Cranbourne East is 2.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Cranbourne East?
Cranbourne East has a population of approximately 24,679 residents, with a median age of 31.
What schools are near Cranbourne East?
There are 32 schools within roughly 5km of Cranbourne East. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Cranbourne East affordable to buy in?
A median house in Cranbourne East costs about 7.5 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Cranbourne East's population growing?
The population of Cranbourne East has grown about 16% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Cranbourne East from the CBD?
Cranbourne East is about 44 km from the CBD.
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