Cranbourne, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cranbourne
VICCensus 2021 · Population 21,279
Cranbourne is a suburb with a population of 21,279 people, characterized by a median age of 35, which is slightly younger than the Victorian median of 38. The gender distribution is nearly equal, with 50.4% male and 49.6% female residents. The suburb has a significant proportion of families, with 45.2% of households being couples with children and 22.0% being single-parent households. Housing is predominantly separate houses, accounting for 80.0% of the dwellings, which is higher than the Victorian average of 73.4%.
Key Highlights
- Family-oriented community with 72.0% family households.
- High proportion of separate houses at 80.0%.
- Significant cultural diversity with 7.2% of residents born in India.
- Technicians and Trades Workers are the top occupation at 17.1%.
- Median age of 35, younger than the Victorian average of 38.
Things to Consider
- Unemployment rate of 6.7%, higher than the Victorian average of 5.0%.
- Lower percentage of residents with bachelor's degrees or higher at 13.8% compared to the Victorian average of 29.2%.
- Below average median household weekly income of $1,477 compared to the Victorian average of $1,759.
- Higher percentage of rented properties at 33.8% compared to the Victorian average of 28.5%.
- Lower work-from-home percentage at 12.0% compared to the Victorian average of 25.7%.
What's it like living here?
Daily life in Cranbourne involves a high reliance on cars, with 64.0% of residents driving to work. Public transport usage is relatively low at 4.5%, and 12.0% of the workforce works from home, which is below the Victorian average of 25.7%. The community has a diverse cultural background, with 59.1% of residents born in Australia and significant populations from India and Afghanistan.