Suburb Profile Report for Cranbourne East VIC (3977)

Cranbourne East House: Median price $505,000, Annual capital growth 6.70%, Number of sales 345, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report

Investment property in Cranbourne East has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.22%

While Cranbourne East,3977 ranked number 214th in VIC for increase in median house value (annualised) increase, it is ranked 351th over the last 5 years.

Property investors looking for a bargain in Cranbourne East should be aiming for at least -5.08% off the asking price, which is the average vendor discount being achieved at the moment.

Cranbourne East is 227th on a list of best yielding suburbs for rents in VIC with a 4.02% return

Metrics i HOUSE UNIT
$505,000 N/A
3.70% N/A
12.22% N/A
6.70% N/A
$390 N/A
345 N/A
4.02% N/A
38.35 N/A

Source: CoreLogic

DSR Score for property investment : Good (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