Casey
Why Casey City?
Casey is Victoria’s most populous municipality (approximately 365,000 residents), located in Melbourne’s outer south‑east. With a vast area covering urban, semi-rural, and coastal zones, Casey blends residential growth, agricultural areas, emerging business parks, and deep lifestyle amenities—offering diversity and expansion potential.
Investment Highlight:
Median house price: A$730,000–A$832,000
Median unit price: A$525,000–A$541,000
Rental yields: Approximately 4.0% for houses and 4.5% for units
Weekly rents: Around A$550–570 for houses, and A$470–480 for units
Vacancy rate: Between 0.8% and 1.0%, reflecting strong rental demand
Economic output: Gross Regional Product of A$13.88 billion (2022–23), growing at over 4% annually
Strong rental suburbs: Junction Village, Clyde North, Cranbourne West, and Eumemmerring show yields of 4.2%–4.6%
Approximate Cost
Median house price: A$730,000 to A$832,000
Median unit price: A$525,000 to A$541,000
Rental yields: 4.0% (houses), 4.5% (units)
Median weekly rent: A$550–570 (houses), A$470–480 (units)
Vacancy rate: 0.8%–1.0%
Ideal For: Casey is perfect for investors seeking stable capital growth and solid rental returns in a high-demand growth corridor. It suits first-home buyers and families seeking affordable suburban living with mature amenities. Developers and commercial operators will find ample opportunity across emerging precincts, while workers in logistics, education, health, and construction benefit from employment expansion and easy transport links.
