Suburb Profile Report for Cranebrook NSW (2749)

Cranebrook House: Median price $640,000, Annual capital growth 7.30%, Number of sales 207, Weekly median advertised rent $450

Cranebrook Unit: Median price $520,000, Annual capital growth 7.49%, Number of sales 22, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 10.13% which means that Cranebrook, 2749 has done well for property investors by showing a capital gain of 7.56% over the last year

Cranebrook,2749 was ranked 1982 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Cranebrook should be aiming for at least -4.15% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Cranebrook the average time real estate has been on the market is 38.21 days.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.66%, without taking into account capital value appreciation, which has been averaging out at 7.30%.

If you compare the increase in value of investment property in Cranebrook, 2749 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.64%.

The five-year average increase in median property values for Cranebrook,2749 has given property investors a potential capital gain of 53.39% across each of those five years.

With the median price for a house in Cranebrook being $520000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 4.10%

Metrics i HOUSE UNIT
$640,000 $520,000
1.59% 5.69%
7.56% 10.64%
7.30% 7.49%
$450 $410
207 22
3.66% 4.10%
38.21 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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
Chart Table
Recent sales & rentals