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City of Casey

Cranbourne East

Cranbourne East Property Market
& Suburb Profile

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MEDIAN PRICES IN CRANBOURNE EAST

Median house price

(all agencies, last 12 months)$730k*

House price change

(all agencies, last 12 months)+2.1%

Median unit price

(all agencies, last 12 months)$627k*

Unit price change

(all agencies, last 12 months)+17.2%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

CRANBOURNE EAST price TRACKER

HousesUnits

Cranbourne East sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)35

Average days on market (units)

(all agencies, 12 months)16

Average held period in Cranbourne East

(proptrack)7 years

Cranbourne East Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$610pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$508pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)4.18%

Average rental yield for Units

(all agencies, last 12 months)4.53%

Cranbourne East total population size

(as at the last census)24,679

Median household size in Cranbourne East

(as at the last census)3.3

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Cranbourne East property types

  • Houses 66%
  • Other 34%

OCCUPANCY in Cranbourne East

  • Owned 71%
  • Rented 23%
  • Other/Not Stated 6%
  • Singles 14%
  • Families 84%
  • Other 2%

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About Cranbourne East

Cranbourne East is a vibrant and highly active residential growth suburb situated approximately 45 to 50 kilometres south-east of the Melbourne CBD, forming a key component of the major expansion corridor that offers modern, family-friendly living with new infrastructure.

The area is largely defined by its master-planned communities, which feature a contemporary housing mix of quality detached houses and spacious townhouses, appealing strongly to young families, first-home buyers, and downsizers attracted to the new amenities and community focus.

Residents benefit from the development of comprehensive local conveniences, including the Casey Fields major sporting precinct and the new Shopping on Clyde and Cranbourne Park Shopping Centre, ensuring extensive retail, dining, and recreational needs are met locally.

Education is a major drawcard and driver of property demand, with numerous new and highly regarded schools established within the suburb, such as Cranbourne East Primary School and Cranbourne East Secondary College, catering excellently to the growing family demographic.

Connectivity is convenient for commuters, with easy access to the South Gippsland Highway and the Monash Freeway (M1), and regular bus services providing links to the nearby Cranbourne Train Station on the direct city line.

For investors, Cranbourne East presents an extremely attractive growth market due to its comparatively affordable entry point, its high volume of new housing, and the strong, consistent rental demand driven by ongoing population increase and excellent new infrastructure.

Education

Casey Fields Primary School
Casey Grammar School
Cranbourne East Primary School
Cranbourne East Secondary College
Marnebek School Cranbourne
St Thomas the Apostle Catholic Primary School
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Sales Comparison

Find out how Cranbourne East median sales prices compare to neighbouring suburbs.

Cranbourne East MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025418$678,5002.10%597$559pw4.36%
2024418$617,5002.13%485$549pw4.57%
2023368$636,125-2.10%451$512pw4.27%
2022341$357,5007.52%423$455pw3.92%
2021457$531,50014.16%435$410pw3.51%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025418$678,500+2.10%
2024418$617,500+2.13%
2023368$636,125-2.10%
2022341$357,500+7.52%
2021457$531,500+14.16%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025597$559pw4.36%
2024485$549pw4.57%
2023451$512pw4.27%
2022423$455pw3.92%
2021435$410pw3.51%

PROUDLY SERVICING Cranbourne East

Barry Plant
Cranbourne

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.