Cranbourne Suburb Profile

Victoria 3977

Cranbourne has 10,788 properties. Over the last 5 years, Houses in Cranbourne have seen a 34.24% increase in median value, while Units have seen a 38.22% increase. As at 31 May 2024:

• The median value for Houses in Cranbourne is $694,517 while the median value for Units is $487,431.
• Houses have a median rent of $490 while Units have a median rent of $450.

The size of Cranbourne is approximately 16.5 square kilometres. It has 47 parks covering nearly 40.2% of total area. The population of Cranbourne in 2011 was 18,621 people. By 2016 the population was 20,090 showing a population growth of 7.9% in the area during that time. The predominant age group in Cranbourne is 0-9 years. Households in Cranbourne are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cranbourne work in a trades occupation. In 2011, 69.2% of the homes in Cranbourne were owner-occupied compared with 66.2% in 2016.