Cranbourne East, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cranbourne East
VICCensus 2021 · Population 24,681
Cranbourne East is a suburb with a young median age of 31, compared to the Victorian average of 38, indicating a youthful population. The suburb has a total population of 24,681, with a slight female majority at 50.9%. Families are predominant, with 61.5% being couples with children, and the average household size is 3.3 people. The area is characterized by a high percentage of separate houses at 88.5%, with most homes being owned with a mortgage (56.2%).
Key Highlights
- Young population with a median age of 31 (vs VIC 38)
- High family household presence at 83.9%
- Above average household income at $1,912 weekly (vs VIC $1,759)
- Majority of housing are separate houses at 88.5%
- Diverse cultural mix with 49.7% born in Australia
Things to Consider
- Unemployment rate slightly above VIC average at 5.6% (vs 5.0%)
- Lower percentage of residents with bachelor's degrees at 22.8% (vs VIC 29.2%)
- Public transport usage is low at 4.4%
- High mortgage commitments with median monthly payments at $2,000
- Limited apartment living options at 0.4%
What's it like living here?
Daily life in Cranbourne East is family-oriented, with many residents commuting by car, as 62.7% drive to work. The suburb has a relatively low public transport usage at 4.4%, which may influence commuting patterns. The community has a diverse cultural background, with a significant portion of the population born overseas, notably from India (16.6%). Work-from-home arrangements are present, though less common than the Victorian average, at 14.4%.