Condon vs Cranbrook

The median house price is $620K in Condon and $625K in Cranbrook, so Condon is the cheaper entry point, with Cranbrook houses about 1% dearer.

For units, Condon sits at a median of $460K against $380K in Cranbrook, which makes Cranbrook the more affordable unit market and Condon the pricier one.

Gross rental yield on houses is effectively level, at 4.74% in Condon and 4.76% in Cranbrook, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +16.8% in Condon and +16.6% in Cranbrook, so recent momentum favours Condon, although both suburbs recorded growth.

Looking back three years, Condon houses are +88.4% and Cranbrook houses +82.4%, so Condon has compounded faster than Cranbrook over the longer window.

Rental vacancy is 0.5% in Cranbrook and 1.0% in Condon, so landlords in Cranbrook face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Condon is the bigger suburb, with a population of 5,894 against 5,844, larger than Cranbrook; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Condon for a lower purchase price, Condon for recent price momentum, Cranbrook for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.