Located in Victoria within the Casey local government area, Cranbourne North is a sizeable suburb (postcode 3977). It is home to about 24,683 residents, with a blend of families and working-age professionals and a median age of 32. Households earn a median income of $101K 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 professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Indian.
The median house price in Cranbourne North is $735,000, broadly unchanged over the past year. Units have a median price of $495,000 (-2.2% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,900.
Cranbourne North is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1011, which is around the national average of 1,000. Public transport access includes 2 rail stations, 75 bus stops. The crime rate in the Casey LGA is moderate at 7,323 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.1% (moderate yield). Property prices are near the state median ($735K/$850K). The price-to-income ratio of 7.3x is considered moderate. House prices have moved +0.4% 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.