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Cranbourne VIC 3977

The size of Cranbourne is approximately 16.5 square kilometres. It has 47 parks covering nearly 40.2% of total area. The population of Cranbourne in 2016 was 20094 people. By 2021 the population was 21281 showing a population growth of 5.9% in the area during that time. The predominant age group in Cranbourne is 30-39 years. Households in Cranbourne are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne work in a trades occupation.In 2021, 63.50% of the homes in Cranbourne were owner-occupied compared with 66.20% in 2016.

Cranbourne has 10,961 properties. Over the last 5 years, Houses in Cranbourne have seen a 38.60% increase in median value, while Units have seen a 35.43% increase. As at 31 October 2025:

• The median value for Houses in Cranbourne is $745,916 while the median value for Units is $509,387.
• Houses have a median rent of $535 while Units have a median rent of $480.