Cranbourne North, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cranbourne North
VICCensus 2021 · Population 24,679
Cranbourne North is a family-oriented suburb with a population of 24,679 and a median age of 32, which is younger than the Victorian median of 38. The suburb has a balanced gender distribution with 49.9% male and 50.1% female residents. A significant portion of the population, 59.7%, are couples with children, indicating a strong family presence. The area is characterized by predominantly separate houses, making up 95% of the housing stock, and a high rate of home ownership with 56.4% of homes owned with a mortgage.
Key Highlights
- Young population with a median age of 32 (vs VIC 38)
- High family presence with 59.7% couples with children
- Above average household income - $1,941 weekly (vs VIC $1,759)
- High rate of home ownership with 56.4% owned with mortgage
- Diverse cultural background with 62.6% born overseas
Things to Consider
- Higher unemployment rate at 6.2% (vs VIC 5.0%)
- Low public transport usage at 3.5%
- Lower percentage of work from home at 17.0% (vs VIC 25.7%)
- Lower percentage of bachelor degree holders at 22.2% (vs VIC 29.2%)
What's it like living here?
Daily life in Cranbourne North is likely to be family-centric, with many residents commuting by car, as 62.4% of the population are car drivers. The suburb has a relatively low public transport usage at 3.5%, suggesting a reliance on private vehicles. The community has a diverse cultural background, with 62.6% of residents born overseas, and a variety of languages spoken at home, including Punjabi and Sinhalese.