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Cranbourne South, VIC 3977
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$865,000
market range $800K-$1.0M
Median Unit
$610,000
Gross Yield (houses)
4.0%
1yr Growth (houses)
+5.7%
market range -2.5% to +15.0%
Investment snapshot for Cranbourne South
Cranbourne South has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cranbourne South market and investor summary
Cranbourne South (VIC 3977) runs a median house price of $865K, with houses yielding a gross 4.0%. House prices have moved +5.7% over the past year. At 2.8% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.0% is neither a standout cashflow play nor a pure growth bet.
Living in Cranbourne South: people, income and schools
Cranbourne South is home to around 3,241 people, and the area has been growing steadily, up about 16% over five years. The median age is 35, broadly working-age, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $118,000 a year, or roughly $2,280 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 7.3 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 4 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 46 km from the CBD. It is fairly car-dependent; the suburb scores 5 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 3,241
- +16% over 5yr
- Median age
- 35 years
- Median household income
- $118,000/yr
- Households renting
- 11%
- Family households
- 84%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 1010
- Unemployment
- 5.7%
- Distance to CBD
- 46 km
- Walk score
- 5/100
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 South
View all →Frequently asked questions about Cranbourne South
What should I check before investing in Cranbourne South?
Cranbourne South has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Capital growth of +5.7% 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 South?
The median property price in Cranbourne South, VIC 3977 is $865K for houses and $610K for units.
What rental yield does Cranbourne South show?
The gross rental yield in Cranbourne South is 4.0% for houses and 4.5% 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 South?
House prices in Cranbourne South are up 5.7% 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 South?
The current vacancy rate in Cranbourne South is 2.8%. 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 South?
Cranbourne South has a population of approximately 3,241 residents, with a median age of 35.
What schools are near Cranbourne South?
There are 4 schools within roughly 5km of Cranbourne South. 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 South affordable to buy in?
A median house in Cranbourne South costs about 7.3 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 South's population growing?
The population of Cranbourne South 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 South from the CBD?
Cranbourne South is about 46 km from the CBD.
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