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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Cranbourne East, the median property price for a house is currently 720,000 with annual capital growth of 1.83 . There were 375 house sales in the past 12 months. On average, houses spend 32 days on market.
If you're thinking about buying an investment property in Cranbourne East, consider that rental yields for houses are currently 4.15 with an average median rent of 575 weekly. Houses have seen 0.00 growth in the past quarter, and 1.83 growth in the past 12 months.
The size of Cranbourne East is approximately 13.4 square kilometres. It has 35 parks covering nearly 9.1% of total area. The population of Cranbourne East in 2011 was 8,210 people. By 2016 the population was 16,181 showing a population growth of 97.1% in the area during that time. The predominant age group in Cranbourne East is 30-39 years.
Households in Cranbourne East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne East work in a trades occupation. In 2011, 77% of the homes in Cranbourne East were owner-occupied compared with 76.7% in 2016.
In Cranbourne East, the median property price for a unit is currently 500,000 with annual capital growth of -1.96 . There were 20 unit sales in the past 12 months. On average, units spend 19 days on market.
If you're thinking about buying an investment property in Cranbourne East, consider that rental yields for units are currently 5.07 with an average median rent of 500 weekly. Units have seen -1.02 growth in the past quarter, and -1.96 growth in the past 12 months.
The size of Cranbourne East is approximately 13.4 square kilometres. It has 35 parks covering nearly 9.1% of total area. The population of Cranbourne East in 2011 was 8,210 people. By 2016 the population was 16,181 showing a population growth of 97.1% in the area during that time. The predominant age group in Cranbourne East is 30-39 years.
Households in Cranbourne East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne East work in a trades occupation. In 2011, 77% of the homes in Cranbourne East were owner-occupied compared with 76.7% in 2016.
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| Key Market Data | House | Unit |
| Median price | 720,000 | 500,000 |
| Quarterly growth | 0.00 | -1.02 |
| 12-month growth | +1.83 | -1.96 |
| Average annual growth | +5.19 | +2.42 |
| Weekly median rent | 575 | 500 |
| Gross rental yield | 4.15 | 5.07 |
| Number of Sales (12m) | 375 | 20 |
| Avg. Days on Market (12m) | 32 | 19 |
| Key Demographics | 2011 | 2016 |
| Total population | 8,210 | 16,181 |
| Population change (5y) | +1704.40 | +97.10 |
| Median household income (p/w) | 1,388 | 1,600 |
| Household income change (5y) | +34.63 | +15.27 |
| Median age of persons | 32 | 32 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Cranbourne East was 16,181 in 2016, a +97.10 change compared to 2011.
The predominant age group in Cranbourne East is 30-39 years.
The population of Cranbourne East was 16,181 in 2016, a +97.10 change compared to 2011.
The predominant age group in Cranbourne East is 30-39 years.
Most of the population in Cranbourne East were born in Australia.
Most of the population in Cranbourne East were born in Australia.
Most of the population in Cranbourne East report their religion as No Religion.
Most of the population in Cranbourne East report their religion as No Religion.
Most of the population in Cranbourne East report their income range as between 78,000 and 130,000 .
The median household income in Cranbourne East was 1,600 in 2016, a +15.27 change compared to 2011.
Most of the population in Cranbourne East report their income range as between 78,000 and 130,000 .
The median household income in Cranbourne East was 1,388 in 2011, a +34.63 change compared to 2006.
Most of the population in Cranbourne East work as Trades.
Most of the population in Cranbourne East work as Trades.
The chart below demonstrates the various levels of education in Cranbourne East.
The chart below demonstrates the various levels of education in Cranbourne East.
Most of the population in Cranbourne East reached a qualification level of Certificate.
Most of the population in Cranbourne East reached a qualification level of Certificate.
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