Cranbourne South real estate

The bedroom figures set Cranbourne South apart. Homes with four or more bedrooms are 65% of the total, above the 33% across Victoria, while three-bedroom homes are 30%, below the state's 42%. Homes with two bedrooms or fewer are 4%, below 25% statewide. The figures suggest a suburb built around larger homes, where the small home is uncommon.

The kinds of home show the same pattern. None of the occupied homes in Cranbourne South are townhouses, terraces or semi-detached houses, against 14% across Victoria, and fewer than 1% are flats or apartments, against the state's 12%. Separate houses account for 99% of occupied homes, above 73% across the state, so the figures suggest that living in a separate house is the common pattern in Cranbourne South.

Empty dwellings were less common than across Victoria. At the 2021 Census, 3% of private dwellings in Cranbourne South were unoccupied on Census night, below the 11% across the state. On that count, a smaller share of the suburb's dwellings had nobody in them than across Victoria, and a larger share were occupied on Census night.

Paying off a mortgage is the striking figure here: 61% of households in Cranbourne South are paying off a mortgage, above 36% across Victoria. The median repayment is $2,167 a month, above the state's $1,859. Outright owners are 25% of households, below 32% statewide, and 10% of households rent, below 29% across Victoria.

Among the households that rent, 61% rent from a landlord the ABS records as a real estate agent, below 73% across the state. The others rent from state or community housing, a private person or another landlord, or did not say whom. Median rent is $470 a week, above $370 across Victoria.

Median household income in Cranbourne South is $2,278 a week, above the state's $1,759. Worked out on this page, the median weekly rent equals 21% of the median weekly income of all households, renters or not, the same as the 21% across Victoria. So while rent and income each sit above Victoria's medians, the share worked out from the two lands on the same figure as the state's.

Living at the same address as in 2016 is less common in Cranbourne South than across the state. Of people aged five and over, 37% lived at the same address five years earlier, below the 54% across Victoria. That suggests a population less likely than Victoria's to have been at the same address five years before, though the figure says only where people lived in 2016, not why.

The median age is 35 years, below 38 across the state, which suggests younger residents than Victoria's at the median. Households are larger, with 2.9 people in an average household against 2.5 across Victoria. In all, 3,241 people lived in the suburb of Cranbourne South at the 2021 Census. A younger median and larger households both set Cranbourne South apart from the state.