Cranbrook vs Heatley

Heatley (median $350,200) is roughly 11% cheaper to buy into than Cranbrook ($395,000).

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Cranbrook and Heatley side by side

MeasureCranbrookHeatley
Price and market
Median house$395,000$350,200
Median unit$197,000$180,000
Renting
House rent$580/wk$550/wk
Unit rent$450/wk$280/wk
Owner occupied–61.0%
Renter occupied–33.0%
Schools
Schools nearby2020
Average ICSEA947935
Lifestyle and people
Walk score06
Transit score00
Bike score100100
Population–3,907
Median age–40
Climate
Annual rainfall1090 mm1090 mm
Mean max, January31.9°C31.9°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

Heatley scores higher on walkability (0/100 vs 6/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Cranbrook (947) sits above Heatley (935).

For buyers
Heatley is the lower entry point at $350,200 median, 11% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Heatley offers the higher gross rental yield (8.17% vs 7.64%), favouring cash-flow investors.
For families
Cranbrook edges out on average school ICSEA (947 vs 935).

Cranbrook vs Heatley: common questions

Is Cranbrook or Heatley cheaper to buy in?

Heatley has the lower median house price at $350,200, roughly 11% below Cranbrook ($395,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Cranbrook or Heatley have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Cranbrook scores 947 vs 935 in Heatley. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.

Which is more walkable, Cranbrook or Heatley?

Heatley scores 6/100 on walkability vs 0/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.

Which suburb has higher rental yield, Cranbrook or Heatley?

Gross rental yield on houses is 8.17% in Heatley vs 7.64% in Cranbrook. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.