Cranbrook is in the bottom 10% in QLD when comparing median price capital growth over the last year. Cranbrook gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.55%.
If we look at median property appreciation over just the last three months, Cranbrook has given property investors a paper return of -3.40%. This puts Suburb as 723 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Cranbrook is $241500, with sellers offering an average of -10.58% off the asking price.
With the median price for a house in Cranbrook being $241500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.24%