Confident because prices have grown +87.65% over the past decade, on the back of strong population growth: Casey added 10,721 people in 2025 (+2.7%) to reach 414,929. Meanwhile supply is tight — new listings are just 0.32% of homes each month, under the ~0.4% mark that signals a tight market.
Rental Demand
Confident because rents have climbed +60.06% over ten years, with vacancy at 2.53% — inside the 1–3.5% range of a balanced rental market. Underneath it is a family-sized population: households average 3.1 people, and 4-bedroom houses are the most-searched property type here.
Why This Suits You
Affordable entry point — a typical house at $818K sits under the $1M mark
Proven long-term growth — prices up +87.65% in ten years, with far more months of growth than decline (growth-cycle index 186)
Conservative risk profile — a high socio-economic score (IRSAD 8/10), top bushfire (100) and flood (99) safety, and almost no reliance on mining or farming (MADI 98)
Trade-offs
Both trade-offs come from one driver: household budgets are stretched — local unemployment is 6.2% (Greater Melbourne: 4.9%) and it takes 39.7 years of income to buy a typical house. That squeezes cash flow (gross yield is 3.64%, so expect to top up holding costs early) and has cooled buyers lately — prices are down 1.11% over the last quarter, homes take 50 days to sell and vendors are accepting about 5.6% off asking. The upside: a prepared buyer has room to negotiate.
Industry sector of employment, 2021 — top 6 by share
Health Care & Social Assistance14.9%
Construction11.5%
Manufacturing10.9%
Retail Trade10.2%
Education & Training6.7%
Transport, Postal & Warehousing5.8%
All four charts sourced directly from the City of Casey's public economy.id / forecast.id / profile.id profiles (informed decisions).
Market & insurance risk
Higher = more favourable
EDI
46
Variety of industries & employment sources locally
MADI
98
Low reliance on volatile resource sectors
Bushfire Safety
100
Based on vegetation, topography & history
Flood Safety
99
Based on topography, watercourses & history
Demand profile — bedrooms × property type
4 Bed
3 Bed
5 Bed
2 Bed
1 Bed
4- and 3-bed houses dominate buyer & renter search activity in this market
Market trends
Historical data only
Headline values: $818K to buy, $573pw to rent, a 3.64% gross yield. Over the past decade, prices have moved +87.65% and rents +60.06% — prices have outpaced rents, which is why yield has drifted down from 4.27% in 2016.
1 Month
-0.21%
1 Quarter
-1.11%
1 Year
2.07%
3 Year
8.96%
5 Year
28.88%
7 Year
53.16%
10 Year
87.65%
Buy
$818K↑ +2.06%
Rent
$573pw↑ +1.6%
Yield
3.64%↓ -0.47%
Growth Rate Cycle
GRC Index: 186
GRC Index
186
+ve minus -ve growth months
GRC Minima
-5.37%
Depth of worst slowdown
GPD
-8.9%
Growth vs area's own long-run trend
GSP
+7.6%
Growth vs surrounding LGA/state
Supply
~455 new listings/month
New stock on market
0.32%
Inventory
3.08 mo
Building approvals
2.04%· 2,854
Hold period
7.30 yrs
Demand
Typical sale takes 50 days
Days on market
50 days· 5.60% discount
Vacancy rate
2.53%
Buy & rent search index
6.0 Buy|2.0 Rent
Clearance rate
56.04%
Fundamentals
Underlying market quality
A sales ratio of 4.9% and rental ratio of 5%, with local schools ranked 56/100 and $1,889 of infrastructure spend per capita — the underlying quality signals behind the headline numbers above.
Affordability index — years of income to buy (Oct 2020 – Oct 2026)
39.7 yrs
Market stability
Sales ratio
4.9%
Annual sales, % of dwellings
Rental ratio
5%
Annual rentals, % of dwellings
School rank
56/100
Catchment school quality
RO ratio
23%
Owner-occupier vs investor
Infra. spending
$1,889
Active infrastructure pipeline, per capita
IRSAD
8
Socio-economic advantage index
Public housing
1.4%
Share of dwellings
Unit-to-house ratio
7.00%
Market depth
UH value ratio
73%
Typical unit vs house values
Major projects
HtAG Projects · as at 3 November 2026
ⓘ Covers all projects recorded in Casey since 2020 — completed, active and proposed
Project pipeline at a glance
Total projects
84
Total stated value across the 63 projects with a published cost
$1.9B
Completed
53
Active (approved / under construction)
29
Proposed
2
Projects by type
Type
Projects
School
28
Industrial
23
Transport
14
Commercial
10
Health
9
Top 10 projects by stated value
1.Clyde Road Upgrade
Road upgrade of Clyde Road, the largest priced project in the Casey pipeline.
Value: $277.7MTiming: Late 2024 – Late 2026
Under construction
2.Warehouse, Western Port Highway, Cranbourne West
Warehouse development on Western Port Highway.
Value: $131.5MLocation: Cranbourne West
Completed
3.Warehouse, Western Port Highway, Cranbourne West
Approved warehouse development on Western Port Highway.
Value: $107.3MLocation: Cranbourne West
Approved
4.Cranbourne Community Hospital
Community hospital in Cranbourne East.
Value: $101.8MLocation: Cranbourne East
Completed
5.Warehouse, Western Port Highway, Cranbourne West
Warehouse development on Western Port Highway.
Value: $68.6MLocation: Cranbourne West
Completed
6.Wulerrp Secondary College
Secondary college in Clyde North.
Value: $64.5MLocation: Clyde NorthCompleted: 2025
Completed
7.Warehouse, Evans Road, Cranbourne
Warehouse development on Evans Road, Cranbourne.
Value: $55.8MLocation: Cranbourne
Completed
8.Warehouse, Evans Road, Cranbourne
Warehouse development on Evans Road, Cranbourne.
Value: $49.8MLocation: Cranbourne
Completed
9.Aged care building, Mannavue Boulevard, Cranbourne North
Approved aged care building in Cranbourne North.
Value: $44.8MLocation: Cranbourne North
Approved
10.Retail building, Riverland Road, Clyde
Approved retail development in Clyde.
Value: $44.1MLocation: Clyde
Approved
Sourced from HtAG Projects (as at 3 November 2026), which compiles council, state government and ABS building-approval records. Projects shared across several councils (e.g. Hall Road Upgrade, Cranbourne Line Upgrade) and region-wide programmes (e.g. Suburban Roads Upgrades – South Eastern and Northern Roads, $3.1B across 14 councils) are excluded from the top 10 because no Casey-specific cost is published. Confirm current status before relying on this for a purchase decision.
What these numbers mean
Plain-English definitions
Economic profile
Gross Regional Product (GRP)
The total value of all goods and services produced within the LGA in a year — the local equivalent of GDP, a measure of the strength and size of the area's economy.
Population (ERP)
Estimated Resident Population — the ABS's official population count for the area, plus forward forecasts based on historical growth patterns.
Unemployment Rate
The share of the local labour force actively looking for work but not currently employed, measured quarterly.
Industry Sector of Employment
The percentage of local workers employed in each industry — shows what the area's economy actually runs on, and how reliant it is on any one sector.
Scores & risk
EDI
Economic Diversity Index — how many different industries employ people locally. Higher = less exposed to a single employer or sector downturn.
MADI
Mining & Agriculture Dominance Index — how reliant the local economy is on volatile resource sectors. Higher = less reliant, more stable.
Bushfire / Flood Safety
A safety score from 0–100 based on vegetation, topography, watercourses and historical incidents. Higher = safer.
IRSAD
ABS Index of Relative Socio-economic Advantage and Disadvantage — a decile (1–10) measuring the area's socio-economic profile. Higher = more advantaged.
Market trends
Typical price / Yield
Typical price is recalculated every month for the current month and all previous months. Yield is the resulting gross rental yield.
Growth Rate Cycle (GRC)
Tracks the speed of price growth, not price itself. A rising curve means growth is accelerating; a falling curve means it's cooling.
GRC Index
The area's current position in its growth cycle, calculated as the number of months with positive growth minus the number of months with negative growth.
GRC Minima
The lowest cyclical growth-rate point the area has recorded — the depth of its worst slowdown.
GPD (Growth Pattern Deviation)
How current growth compares with the area's own long-run trend, averaged across 3- to 10-year windows. Negative = growing slower than its own history.
GSP (Growth Spillover Potential)
How the area's growth compares with the surrounding areas, averaged across 3- to 10-year windows. Positive = it has outpaced its neighbours.
Supply & demand
Stock on Market (SoM)
New listings as a % of total dwellings. Below ~0.4% is considered low supply — a tight market.
Inventory
Months it would take to sell all current stock at the recent sales rate. Under ~3 months leans toward sellers.
Building Approvals
New dwelling approvals as a % of total dwellings — a forward indicator of future supply, since approvals become homes in 2–3 years.
Hold Period
The average length of time owners keep a property before selling. Over ~7 years (a full property cycle) = tightly held.
Days on Market (DOM) & Discount
The typical time a property takes to sell, plus how much below the asking price vendors are accepting. Under ~35 days = high demand; a larger discount = more buyer bargaining power.
Vacancy Rate
The share of rental dwellings sitting vacant for 21+ days. Between 1% and 3.5% = balanced; under ~1% = very high tenant demand.
Search Index (Buy & Rent)
Online buy and rent search interest, scored 1–10 against the wider area and adjusted for population. Higher = the area is attracting a bigger share of attention.
Clearance Rate
The share of scheduled auctions that sell. Above ~70% = high demand. Less meaningful in months with only a handful of auctions, and where most homes sell by private treaty.
Fundamentals & projects
Affordability Index
Years of median household income required to buy the typical property outright.
Sales / Rental Ratio
Annual sales (or rentals) as a % of total dwellings — a measure of how much of the area turns over each year.
School Rank
Catchment school quality, scored out of 100 based on academic performance data.
RO Ratio
The balance of owner-occupiers to investors in the area.
Infra. Spending
Non-residential building approval value per adult resident — a proxy for how much infrastructure investment is flowing into the area.
Unit-to-House / UH Value Ratio
How much of the housing stock is units vs houses, and how unit prices compare to house prices in the same area.
Public Housing
The share of dwellings in the area that are government-owned social housing.
Stated Project Value
The published cost of a project. Some projects have no published cost, or share one cost across several councils, so they aren't counted in the total.
Definitions simplified for client readability — see HtAG's own data dictionary for full technical methodology.
Important: Market and project data sourced from HtAG Analytics. Economic data from economy.id, forecast.id and profile.id (informed decisions).
Figures shown are indicative and general in nature only, and do not constitute personal financial, investment, or legal advice. Past performance is not a reliable indicator of future results. You should seek independent professional advice before making any investment decision. Mindset Property Pty Ltd, ACN 664 657 247.
