Located in Victoria within the Casey local government area, Cranbourne East is a large suburb (postcode 3977). The area has roughly 24,679 residents and a younger, working-age population, with a median age of 31. Households earn a median income of $99K per year, with an average household size of 3.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.7% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Indian.
Median house prices in Cranbourne East stand at $708,000, having dipped slightly by 1.7% over the last twelve months. Units have a median price of $565,000 (+10.8% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $2,000.
Cranbourne East is served by 6 schools, including 3 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1029, which is around the national average of 1,000. Public transport access includes 61 bus stops. The crime rate in the Casey LGA is moderate at 7,323 incidents per 100,000 population.
From an investment perspective, Cranbourne East shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices are near the state median ($708K/$850K). The price-to-income ratio of 7.1x is considered moderate. House prices have moved -1.7% year-on-year. Population growth of +2.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.