Located in Tasmania within the Glamorgan-Spring Bay local government area, Cranbrook is a sparsely populated locality (postcode 7190). It is home to about 60 residents, with an older-leaning population and a median age of 54. Households earn a median income of $68K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, clerical & administrative. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are English, Australian, Irish.
The median weekly rent is $155 (Census 2021). The median monthly mortgage repayment is $758.
Looking at the investment signals, Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.