Cranbrook vs Somerset
Property investment comparison - Cranbrook, TAS 7190 vs Somerset, TAS 7322
Head-to-head across core investment metrics: Cranbrook wins 0, Somerset wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Cranbrook | Somerset |
|---|---|---|
| Median house price | $550K | $540K |
| Median unit price | - | - |
| Gross rental yield (houses) | - | 4.60% |
| Gross rental yield (units) | - | 4.80% |
| 1-year house growth | - | +13.7% |
| 3-year house growth | - | +22.1% |
| Vacancy rate | 1.7% | 0.5% |
| Population | 60 | 4,067 |
Cranbrook vs Somerset: what the numbers say
The median house price is $550K in Cranbrook and $540K in Somerset, so Somerset is the cheaper entry point, with Cranbrook houses about 2% dearer.
Rental vacancy is 0.5% in Somerset and 1.7% in Cranbrook, so landlords in Somerset face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Somerset is the bigger suburb, with a population of 4,067 against 60, roughly 68 times the size of Cranbrook; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Somerset for a lower purchase price, Somerset for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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