Is it expensive to live in Cranbourne East?

At the last Census, a typical Cranbourne East household earned about $1,912 a week. A house renting for $600 a week would take about 31% of that weekly income, which is a sizeable share for a typical local household. Buying sits higher: the median house price of $710,000 is about 7.1 times a typical local annual household income, so purchasing a home there is well above local incomes on these figures. If you're primarily interested in renting rather than buying, the rent share is the figure most relevant to you and whether that feels expensive depends on your own circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Cranbourne East a good place to invest?

Over the past 12 months, house values in Cranbourne East rose 4.9% while house rents increased 2.6%, both modest movements. For houses, that means recent movement has been stronger on the capital growth side than on rental income, with values rising by more than rents. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Cranbourne East suburb profile

Cranbourne East is an outer south-eastern Melbourne suburb in the City of Casey, made up largely of newer estates alongside established streets. Its landscape is suburban, with tree-lined avenues, detached family homes and pockets of townhouses, backed by local parks and sporting ovals.

Residents draw on nearby retail centres, community facilities and schools, and enjoy easy access to the Royal Botanic Gardens Cranbourne and local wetlands for walks and weekend outings. The suburb links to the Cranbourne train line and arterial roads that connect to Melbourne's south-eastern suburbs and the city.

Cranbourne East property market performance

Current median dwelling price$545,500Past 3 months

Property growth+5.0%Past 12 months

Cranbourne East's median house price is $710,000, up a moderate 4.9% over the last 12 months. There is no reliable median for units and, with only 1 unit sold in the past 3 months, this is primarily a house market.

In Cranbourne East house rents averaged $600 a week and rose a modest 2.6% over the last 12 months, so values ran ahead of rents.

	Houses	Units
Median price Past 3 months	$710K	N/A
Change in value Past 12 months	4.9%	N/A
Sold Past 3 months	88	1
Median days on market Past 12 months	27	N/A
Average rent Past 12 months	$600	N/A
Change in rent Past 12 months	2.6%	N/A

5 year median price trend for houses and units

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Cranbourne East demographics

Cranbourne East is a young community with many households buying their homes and families with children.

Median household income is $1,912 a week and 59.4% of homes are owned with a mortgage. At the 2021 Census, 24,679 people lived in Cranbourne East.

Cranbourne East and Victoria

	Suburb	VIC
Median age years	31	38
Median household income weekly	$1,912	$1,759
Couples with children share of families	61.6%	45.5%
Couples without children share of families	23.5%	37.6%
One-parent families share of families	13.8%	15.2%
Homes owned outright share of homes	16.0%	33.2%
Homes with a mortgage share of homes	59.4%	37.3%
Homes rented share of homes	24.6%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Cranbourne East infrastructure, key developments and investment opportunities

Cranbourne East is home to the City Football Academy Melbourne at Casey Fields, which was officially opened in April 2024. The redevelopment, completed earlier that year, added a new pavilion with high-performance sports science and medical rooms and a gymnasium. Council’s Cranbourne East Development Plan was updated in 2024 (Version 93) to coordinate delivery of schools, community facilities, parks and roads across the precinct.

The Cranbourne East Precinct Structure Plan’s Development Contributions Plan was amended under Amendment VC249, which was gazetted on 15 January 2024. Infrastructure Victoria’s draft 30-year infrastructure strategy (2025) recommended extending and electrifying the Cranbourne line to Clyde, with new stations at Dandenong South, Cranbourne East, Casey Fields and Clyde, and the rail extension was the subject of public calls for commitment in 2026.

Suburbs near Cranbourne East

Some popular suburbs near Cranbourne East include:

How does Cranbourne East compare to nearby suburbs?

Median house prices: Cranbourne East’s median house price is 1.4% lower than Cranbourne’s.
Median unit prices: Cranbourne East’s median unit price is 15.1% higher than Cranbourne’s.
House price growth: Over the past 12 months, house prices in Cranbourne East have grown 0.9% higher than in Clyde North.
Unit price growth: Over the past 12 months, unit prices in Cranbourne East have grown 0.7% higher than in Cranbourne.
Selling speed for houses: Properties in Cranbourne East are selling 38.6% faster than in Clyde North.
House price growth: Over the past 12 months, house prices in Cranbourne East have grown 26.9% lower than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Cranbourne East have grown 2.9% lower than the average rate of growth for units across Melbourne.

Common questions about Cranbourne East

Is Cranbourne East a nice place to live?
Cranbourne East is home to the City Football Academy Melbourne at Casey Fields and has links to the Cranbourne train line and arterial roads.
It is a young community with many households buying their homes and families with children, and 59.4% of homes are owned with a mortgage. Residents draw on nearby retail centres, community facilities and schools, and use local parks, sporting ovals, the Royal Botanic Gardens Cranbourne and nearby wetlands for walks and weekend outings. The academy's redevelopment was completed, adding a new pavilion with high-performance sports science and medical rooms and a gymnasium.
Is it expensive to live in Cranbourne East?
At the last Census, a typical Cranbourne East household earned about $1,912 a week. A house renting for $600 a week would take about 31% of that weekly income, which is a sizeable share for a typical local household. Buying sits higher: the median house price of $710,000 is about 7.1 times a typical local annual household income, so purchasing a home there is well above local incomes on these figures. If you're primarily interested in renting rather than buying, the rent share is the figure most relevant to you and whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Cranbourne East a good place to invest?
Over the past 12 months, house values in Cranbourne East rose 4.9% while house rents increased 2.6%, both modest movements.

For houses, that means recent movement has been stronger on the capital growth side than on rental income, with values rising by more than rents.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Cranbourne East

Currently, there are 161 real estate agents working in Cranbourne East—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 161 agents sold 22.9% of all properties in Cranbourne East over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Cranbourne East typically charge a commission of 2.13% to 2.71%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

Get a head start and compare top local agents in Cranbourne East

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