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Cranley, QLD 4350

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 Cranley, QLD 4350 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

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 “Cranley, QLD 4350”

  1. The total adult population (15 years or older) of Cranley 4350 QLD is 2,011, with a median age of 60. Of those, 49.93% are married, 11.69% are divorced or separated, 26.80% are single and 11.34% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,272. The median monthly mortgage repayment for households in this suburb is $1,517 which is 28.77% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland, the suburb of Cranley 4350, which is home to approximately 1258 households, continues to demonstrate favourable conditions for property investors as of Q3 in 2023. The typical house price in this suburb stands at $498,394, and with a median weekly rent of $468, a promising indicative yield of 4.88% is produced. This yield surpasses the minimum 3% attractiveness threshold for cash-flow centric property investors, highlighting the investment potential in the Cranley market.

    Socio-economically, the suburb garners a respectable 947 out of 1217 score on the IRSAD index, implying a notable socio-economic status of the local population. As for the tenancy dynamics, the renter to home-owner ratio is 25%, which is well under the 30% benchmark. This low ratio indicates a market less saturated with rental properties, projecting higher long-term returns and lower investor competition. The unit to house ratio is 32%, indicating a healthy balance of housing types that attract more long-term tenants, adding to the suburb’s attractiveness to property investors.

    Despite the typical prices, the affordability index for Cranley falls slightly short, with it requiring 37 years to own a house completely – surpassing the standard 30-year mortgage assumption. However, investors should note that a single metric in the unfavourable range does not necessarily negate the potential of a market, especially if the majority of other metrics are pointing towards favourable conditions.

    In terms of supply metrics, Cranley shows a decidedly low stock on market percentage at 0.14%, far below the 0.4% benchmark, implying a favourable low supply situation. This is further reinforced by an inventory level for houses standing at 0.55 months – a figure that confirms the market’s efficient absorption of new listings. However, the building approvals ratio for houses sits at 2.06%, indicating a possible increase in future housing supply.

    On the demand side, houses in Cranley average 16 days on the market, considerably under the 35-day threshold, suggesting a high demand. This is mirrored by the suburb’s low vacancy rate of 1.25%. With a buy-search index scoring 4, the demand remains within neutral range, yet exhibits potential for growth.

    In summary, while Cranley’s property market does indicate mixed findings in terms of affordability and future supply, the strong socio-economic scores, favourable yield, and promising supply and demand indicators present compelling reasons for property investors to consider this suburb. As always, investors are encouraged to combine these insights with informed judgements based on the evolving property market trends. Complementing this with the HtAG Analytics’ Relative Composite Score (RCS), which effectively condenses over 80 metrics, can further empower investors in making profitable real estate investment decisions.

    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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