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Bronte
AREA REPORTS

Bronte

Bronte - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2024

house
unit

A 36.23% increase in median property prices in BRONTE, 2024 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 92nd.

A steady increase in median property prices over a five-year period in the suburb translates to a 22.88% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $4,700,000

The augmented property values in the suburb are trailing above the territorial average of 14.76% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1872.5.

Home owners selling their properties and realtors in BRONTE usually have to wait an average of 47.8 days days before their assets are lifted off the market.

The NSW suburb ranks 1006th on the list of best yielding suburbs for rental properties in NSW, posting a 2.07% return.

It also places places 230th in Australia based on median property value growth during the quarter.

Data report can be found below

Bronte
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $4,700,000 $1,370,000
GROWTH REPORT
Median Quarterly 10.59% 7.45%
Median 12 month 36.23% 4.38%
Median 3 years 22.88% 16.6%
Median 5 years 56.67% 39.8%
10 years average annual 10.19% 9.08%
Weekly media advert. rent $1872.5 $665
Time on Market 47.8 days 59.0 days
Gross Rental Yield Percent 2.07% 2.52%
demographics (median values)*
Total Population
11073
Weekly Household Income
2450
Household Size
2.50
Age
38
Monthly Loan Repayment
3200
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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