Suburb Profile Report for Cranebrook NSW (2749)

Cranebrook House: Median price $620,000, Annual capital growth 6.74%, Number of sales 199, Weekly median advertised rent $450

Cranebrook Unit: Median price $487,000, Annual capital growth 5.35%, Number of sales 19, Weekly median advertised rent $440

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Cranebrook has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -6.77% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Cranebrook comes in at number 855th in NSW.

Sellers are offering property buyers an average discount of -8.26% to buyers in Cranebrook at the moment, which is less than average for the rest of NSW.

At number 1165 in a list of fastest selling suburbs, Cranebrook is in the TOP 40% of suburbs in Australia with an average of days on market 66.3072 for properties listed there.

Situated 48.79km from the CBD, Cranebrook is one of Penrith (C) localities in the postcode 2749.

Investment property in Cranebrook has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.29%

If we look at median property appreciation over just the last three months, Cranebrook has given property investors a paper return of -2.60%. This puts Suburb as 342 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Cranebrook is giving property investors an average Vendor Discount of around -8.95%. This puts suburb at number 40th in NSW when ranking the most discounted suburbs.

With the median price for a house in Cranebrook being $487000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.70%

Metrics i HOUSE UNIT
$620,000 $487,000
-0.80% -2.60%
-6.77% -11.29%
6.74% 5.35%
$450 $440
199 19
3.77% 4.70%
66.3072289156627 128.375

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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