Cranbourne West, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cranbourne West
VICCensus 2021 · Population 19,969
Cranbourne West is a suburb with a population of 19,969, characterized by a young median age of 32, compared to the Victorian average of 38. The community is predominantly composed of families, with 56.7% being couples with children and an average household size of 3.1 people. The suburb has a diverse cultural makeup, with 54.1% of residents born in Australia and significant communities from India (12.5%) and Afghanistan (3.7%). Housing in Cranbourne West is primarily owner-occupied, with 61.8% of homes owned with a mortgage, and a high percentage of separate houses (81.7%) compared to the Victorian average of 73.4%.
Key Highlights
- Young population with a median age of 32 (vs VIC 38)
- High family presence with 56.7% couples with children
- Above average median household income of $1,856 weekly (vs VIC $1,759)
- Predominantly owner-occupied housing with 61.8% owned with a mortgage
- Diverse cultural community with 12.5% born in India
Things to Consider
- Unemployment rate of 5.5%, slightly above the VIC average of 5.0%
- Lower percentage of residents with a bachelor's degree or higher (20.3% vs VIC 29.2%)
- Limited public transport usage at 3.2%
- Higher percentage of separate houses may limit housing diversity
- Lower work-from-home rate at 13.6% compared to VIC 25.7%
What's it like living here?
Daily life in Cranbourne West is family-oriented, with a strong sense of community supported by a high percentage of family households (82.7%). The suburb has a relatively high labour force participation rate of 68.7%, with a notable portion of the population working in trades and technical occupations. Commuting is primarily car-based, with 65.3% of residents driving to work, while only 3.2% use public transport. The work-from-home rate is 13.6%, lower than the Victorian average of 25.7%, indicating a more traditional work pattern.