Suburb Profile Report for Cranbourne East VIC (3977)

Cranbourne East House: Median price $460,000, Annual capital growth 5.54%, Number of sales 361, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 8.06% which means that Cranbourne East, 3977 has done well for property investors by showing a capital gain of 7.23% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Cranbourne East comes in at number 418th in VIC.

Sellers are offering property buyers an average discount of -8.05% to buyers in Cranbourne East at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 30.08 sales per month, which equates to 361 per year.

Cranbourne East, 3977’s gross rental yield is 4.41%

HOUSE UNIT
$460,000 N/A
2.22% N/A
7.23% N/A
5.54% N/A
$390 N/A
361 N/A
4.41% N/A
52.56 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 8210
Median household income ($/weekly) 1395
Median age of persons 31
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 865 10.5
    5-14 years 1192 14.5
    25-34 years 1684 20.5
    35-44 years 1263 15.4
    45-54 years 778 9.5
    Others 2428 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 3128 55.6
    Not Married 1807 32.1
    Defacto Relationship 695 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5368 68.6
    Indonesia 406 5.2
    Papua New Guinea 233 3.0
    United Kingdom 477 6.1
    Other 492 6.3
    Others 854 10.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 233 3.1
    Christianity 4641 61.7
    Hinduism 264 3.5
    Islam 183 2.4
    No Religion 2040 27.1
    Others 164 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 219 9.0
    $1,000-$1,249 256 10.5
    $1,250-$1,499 250 10.2
    $1,500-$1,999 439 18.0
    $2,000-$2,499 348 14.2
    Others 931 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2631 44.8
    Not in the labour force 1881 32.0
    Employed, worked part-time 935 15.9
    Employed, away from work 228 3.9
    Unemployed, looking for work 203 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 380 10.0
    Professionals 577 15.2
    Technicians & trades workers 639 16.9
    Clerical & administrative workers 599 15.8
    Machinery operators & drivers 421 11.1
    Others 1176 31.0
    Occupation
    Census Count Percent(%)
    Pre-school 203 10.7
    Infants/Primary 785 41.5
    Secondary 449 23.7
    Technical or Further Educational Institution 209 11.0
    University or other Tertiary Institutions 174 9.2
    Others 73 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7573 98.5
    Semi-detached, row or terrace house, townhouse 92 1.2
    Flat, unit or apartment 23 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1590 61.0
    Fully owned 488 18.7
    Rented 448 17.2
    Other tenure type 81 3.1
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals