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Cradoc, TAS 7109

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Median House

$940,000

market range $650K-$975K

Median Unit

$455,000

Gross Yield (units)

4.7%

1yr Growth (houses)

+4.9%

market range -27.5% to +15.0%

Investment snapshot for Cradoc

Cradoc has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Cradoc market and investor summary

In Cradoc, TAS 7109, the median house sells for around $940K. House prices have moved +4.9% over the past year and +5.5% over three years. At 12.7% vacancy, it is a softer rental market with more choice for tenants.

Demand is softer at 12.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 161 days on market, so plan for a slower exit if you ever need one.

Living in Cradoc: people, income and schools

Cradoc has a resident population of roughly 456, and the area has been growing steadily, up about 9% over five years. At a median age of 48, it reads as skewed a little older, and 87% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $69,000 a year (about $1,330 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 13.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.

There is 1 school within about 5km, testing below the national school average on ICSEA. Cradoc sits about 34 km from the CBD. Getting around leans on public transport or a car; the suburb scores 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
456
+9% over 5yr
Median age
48 years
Median household income
$69,000/yr
Households renting
7%
Family households
79%
Socio-economic rank
4/10
ABS advantage index
Schools within 5km
1
avg ICSEA 934
Unemployment
2.9%
Distance to CBD
34 km

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Cradoc

No properties currently listed in Cradoc

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Frequently asked questions about Cradoc

What should I check before investing in Cradoc?

Cradoc has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +4.9% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Cradoc?

The median property price in Cradoc, TAS 7109 is $940K for houses and $455K for units.

What rental yield does Cradoc show?

The gross rental yield in Cradoc is 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Cradoc?

House prices in Cradoc are up 4.9% over the past year and up 5.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Cradoc?

The current vacancy rate in Cradoc is 12.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.

How many people live in Cradoc?

Cradoc has a population of approximately 456 residents, with a median age of 48.

What schools are near Cradoc?

There are 1 school within roughly 5km of Cradoc. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Cradoc affordable to buy in?

A median house in Cradoc costs about 13.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Cradoc's population growing?

The population of Cradoc has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Cradoc from the CBD?

Cradoc is about 34 km from the CBD.

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