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Cranbrook, QLD 4814

Home » QLD Real Estate Data » Townsville City, QLD » Cranbrook, QLD 4814

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cranbrook, QLD 4814 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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3BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Cranbrook, QLD 4814”

  1. The total adult population (15 years or older) of Cranbrook 4814 QLD is 4,845, with a median age of 40. Of those, 39.86% are married, 14.04% are divorced or separated, 39.92% are single and 6.21% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,028. The median monthly mortgage repayment for households in this suburb is $1,300 which is 18.50% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Cranbrook, postcode 4814, is situated in Queensland and is home to an estimated 2708 households. With house prices expected to be around $360,658 and a median weekly rent of $432 in Q3 of 2023, Cranbrook presents an impressive indicative yield of 6.23% for property investors. This above-average yield aligns favourably with the cash flow objectives of prudent investors.

    Cranbrook also boasts a respectable socio-economic ranking, with an IRSAD score of 931 out of 1217, suggesting a generally good socio-economic standing of its residents. The suburbs current renter to owner ratio stands at 31%. While slightly above the preferred 30% benchmark, it doesn’t quite reach the worrisome range of above 45%, which is a comforting sign for potential investors.

    The units to houses ratio is rather low at 10%, lending great appeal to the market due to the lower potential for oversaturation of rental properties and landlord competition. The affordability index for houses in Cranbrook is particularly enticing, weighing in at only 20 years — far below the concerning 31 years mark. This speaks to a market highly accessible to potential homeowners.

    In terms of supply, Cranbrook keeps in the neutral territory with a stock on market Percentage of 0.48% for houses, while the inventory level showing a favourable reading of 1.05 months. Furthermore, the building approvals Ratio for houses is currently at a zero, reducing the potential for an imminent oversupply of new residential buildings.

    Strong signs of high demand in this suburb are further suggested by the low average of 29 days on market for houses, lower than the 35-day threshold for high demand. The combined vacancy rate for houses and units is also encouraging at 1.53%, indicating a high demand market situation. Meanwhile, the buy search index for houses in the suburb sits satisfactorily at 4, indicating neutral demand.

    Although we see some metrics sit in the neutral territory, Cranbrook’s strong yield, affordability, and robust demand indicators build a promising case for favourable long-term property investment. However, we should not discount the importance of ongoing monitoring of market trends. Similarly, making use of comprehensive tools like the RCS (Relative Composite Score) metric developed by HtAG Analytics can enhance one’s understanding and decision-making based on over 80 critical property market metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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