Suburb Profile Report for Cranbrook QLD (4814)

Cranbrook House: Median price $261,000, Annual capital growth -1.45%, Number of sales 63, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report

Property value increases in Cranbrook have tracked lower than the QLD average of 2.45% over the last 12 months.

Over the longer term, Cranbrook has seen property prices show investors a -12.71% return over the last 3 years. This is an improvement over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Cranbrook is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in QLD

On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.

Advertised rents are around the $290 mark per week – giving a return of 5.78% based on the median price in Suburb

Metrics i HOUSE UNIT
$261,000 N/A
-1.51% N/A
-5.09% N/A
-1.45% N/A
$290 N/A
63 N/A
5.78% N/A
104.19 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 6146
Median household income ($/weekly) 1193
Median age of persons 36
Median housing loan repayment ($/monthly) 1668
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 828 13.5
    25-34 years 773 12.6
    35-44 years 774 12.6
    45-54 years 753 12.2
    55-64 years 660 10.7
    Others 2359 38.4
    Age Group
    Census Count Percent(%)
    Not Married 2021 45.9
    Registered Married 1953 44.4
    Defacto Relationship 425 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4825 84.6
    Papua New Guinea 123 2.2
    Philippines 129 2.3
    United Kingdom 196 3.4
    Other 154 2.7
    Others 278 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 1.8
    Christianity 4142 75.9
    Hinduism 31 0.6
    Other Religious Groups 25 0.5
    No Religion 1146 21.0
    Others 17 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 211 11.1
    $600-$799 177 9.3
    $1,000-$1,249 182 9.6
    $1,500-$1,999 273 14.4
    $2,000-$2,499 209 11.0
    Others 847 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1752 38.1
    Not in the labour force 1679 36.5
    Employed, worked part-time 835 18.2
    Employed, away from work 178 3.9
    Unemployed, looking for work 155 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 515 18.7
    Technicians & trades workers 478 17.3
    Community & personal service workers 318 11.5
    Clerical & administrative workers 361 13.1
    Labourers 306 11.1
    Others 782 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 49 3.4
    Infants/Primary 525 36.1
    Secondary 385 26.5
    Technical or Further Educational Institution 111 7.6
    University or other Tertiary Institutions 357 24.6
    Others 27 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4424 78.0
    Semi-detached, row or terrace house, townhouse 859 15.1
    Flat, unit or apartment 388 6.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 771 36.5
    Being purchased 680 32.2
    Rented 643 30.5
    Other tenure type 17 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals