Located in Western Australia within the Cranbrook local government area, Cranbrook is a close-knit residential community (postcode 6321). It is home to about 505 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $61K 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. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, machinery operators & drivers. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Scottish.
Median house prices in Cranbrook stand at $163,000, having fallen sharply by 27.8% over the last twelve months. The median weekly rent is $174 (Census 2021). This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $719.
Cranbrook is served by 1 school, including 1 primary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 3 bus stops.
Looking at the investment signals, Gross rental yield sits at around 5.6% (high yield). Property prices sit below the state median ($163K/$1.0M), which can point to relative value. The price-to-income ratio of 2.7x is considered affordable. House prices have moved -27.8% year-on-year. 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.