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Cranbrook, TAS 7190
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$550,000
market range $350K-$575K
Median Unit
$500,000
list-price estimate
Gross Yield
-
1yr Growth
-
Investment snapshot for Cranbrook
Cranbrook has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cranbrook market and investor summary
Cranbrook (TAS 7190) runs a median house price of $550K. At 1.7% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking. Houses also take time to sell, around 93 days on market, so plan for a slower exit if you ever need one.
Living in Cranbrook: people, income and schools
Cranbrook has a resident population of roughly 60, and the area has been growing steadily, up about 7% over five years. The median age is 54, an older, established demographic, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $68,000 a year, or roughly $1,310 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to about 8.1 times local household income, in line with much of metropolitan Australia. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
- Population
- 60
- +7% over 5yr
- Median age
- 54 years
- Median household income
- $68,000/yr
- Households renting
- 18%
- Family households
- 81%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 2.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cranbrook
No properties currently listed in Cranbrook
Search Cranbrook listings →Frequently asked questions about Cranbrook
What should I check before investing in Cranbrook?
Cranbrook has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Cranbrook?
The median property price in Cranbrook, TAS 7190 is $550K for houses.
How tight is the rental market in Cranbrook?
The current vacancy rate in Cranbrook is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Cranbrook?
Cranbrook has a population of approximately 60 residents, with a median age of 54.
Is Cranbrook affordable to buy in?
A median house in Cranbrook costs about 8.1 times the median local household income (broadly in line with metropolitan Australia). 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 Cranbrook's population growing?
The population of Cranbrook has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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