Located in Victoria within the Casey local government area, Cranbourne South is a smaller suburb (postcode 3977). The area has roughly 3,241 residents and a mix of young professionals and families, with a median age of 35. Households earn a median income of $118K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.7% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Cranbourne South stand at $730,000, having risen modestly by 1.2% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,167.
Cranbourne South is served by 1 school, including 1 primary. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Casey LGA is moderate at 7,323 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.1% (moderate yield). Property prices are near the state median ($730K/$850K). The price-to-income ratio of 6.2x is considered moderate. House prices have moved +1.2% year-on-year. Population growth of +2.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.