Suburb Profile Report for Cranebrook NSW (2749)

Cranebrook House: Median price $605,000, Annual capital growth 6.52%, Number of sales 229, Weekly median advertised rent $450

Cranebrook Unit: Median price $475,000, Annual capital growth 6.07%, Number of sales 24, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.91% for the last 12 months, Cranebrook, 2749 has performed for property investments than its average annual 6.52% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cranebrook has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Cranebrook should be aiming for at least -5.28% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 229 properties changed hands in Cranebrook, which puts it as the 37th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Cranebrook, 2749 is in the Penrith local government area.

Cranebrook has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.41% to date .

The five-year average increase in median property values for Cranebrook,2749 has given property investors a potential capital gain of 44.82% across each of those five years.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 6.07%.

HOUSE UNIT
$605,000 $475,000
1.68% 1.06%
8.91% 7.41%
6.52% 6.07%
$450 $410
229 24
3.87% 4.49%
46.72 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 14721
Median household income ($/weekly) 1555
Median age of persons 30
Median housing loan repayment ($/monthly) 2000
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 2437 16.6
    25-34 years 2154 14.6
    35-44 years 2206 15.0
    45-54 years 2121 14.4
    55-64 years 1301 8.8
    Others 4502 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 5140 49.3
    Not Married 4152 39.8
    Defacto Relationship 1140 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 11905 84.8
    Papua New Guinea 228 1.6
    Philippines 93 0.7
    United Kingdom 723 5.1
    Other 348 2.5
    Others 743 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 104 0.8
    Christianity 10896 79.5
    Islam 121 0.9
    Other Religious Groups 66 0.5
    No Religion 2447 17.9
    Others 72 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 380 9.2
    $1,250-$1,499 356 8.6
    $1,500-$1,999 694 16.7
    $2,000-$2,499 602 14.5
    $2,500-$2,999 362 8.7
    Others 1753 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5004 47.1
    Not in the labour force 2781 26.1
    Employed, worked part-time 1930 18.1
    Employed, away from work 494 4.6
    Unemployed, looking for work 426 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 759 10.2
    Professionals 996 13.4
    Technicians & trades workers 1257 16.9
    Community & personal service workers 763 10.3
    Clerical & administrative workers 1398 18.8
    Others 2255 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 323 8.1
    Infants/Primary 1506 38.0
    Secondary 1238 31.2
    Technical or Further Educational Institution 370 9.3
    University or other Tertiary Institutions 426 10.7
    Others 101 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13278 93.4
    Semi-detached, row or terrace house, townhouse 911 6.4
    Flat, unit or apartment 16 0.1
    Improvised home, tent, sleepers out 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2523 55.3
    Rented 1144 25.1
    Fully owned 877 19.2
    Other tenure type 15 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals