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Suburb Insights ยท TAS 7190

Cranbrook 7190, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Cranbrook is a coastal suburb in Tasmania, Australia, with a population of approximately 60, making it a boutique locality. Located approximately 119 km from the Hobart CBD, Cranbrook is a coastal area in Tasmania. The median household income is $68,224 AUD per year (ABS 2021 Census).

Investment Score

33 / 100 Weak

Lower income levels in Cranbrook typically translate to more affordable entry points for investors. Seaside positioning attracts both owner-occupiers and holiday rental demand.

Location

Map shows Cranbrook, Tasmania, Australia.

Key Indicators

Postcode
7190

Official Australia Post postcode for Cranbrook. A postcode may cover multiple suburbs.

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Population
60

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$155/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$68,224/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
119 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$758/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
67% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Coastal lifestyle is a strong draw for Cranbrook, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Tasmania consistently attract interstate migration and lifestyle buyers. The median rent of $155/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $758/month.

Investment Strategy

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Buy & Hold

Cranbrook offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Rental yields in Cranbrook tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

The resale market in Cranbrook may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Cranbrook

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Capital growth in Cranbrook may remain subdued in 2026, with limited demand drivers in the near term. The rental market in Cranbrook should see steady occupancy, with moderate upward pressure on rents. Cranbrook is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Cranbrook a good suburb for investment?

Cranbrook is a coastal area in Tasmania with a population of 60. The median rent is $155/week and the median household income is $68,224/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Cranbrook?

Key demand drivers in Cranbrook include lifestyle appeal and proximity to the coast. 67% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Cranbrook?

According to the ABS 2021 Census, Cranbrook has a population of approximately 60. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Cranbrook from the Hobart CBD?

Cranbrook is approximately 119 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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