Powered by MOMENTUM MEDIA
Cromer
AREA REPORTS

Cromer

Cromer - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2099

house
unit

Property investors have seen a 6.55% gain in CROMER based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on CROMER, 2099 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 16.15%.

Based on its average 5-year and quarterly capital gains CROMER, 2099 saw average growth in the long term.

The NSW suburb 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 $1,887,500

Profits averaged 7.18% per annum over a 3-year period, due to an upward trend in home prices in CROMER, 2099.

This means, real estate investors could earn a rental income of $932.5 based on current median home prices for the suburb.

The gross rental yield in CROMER, 2099 is 2.57%.

An average of 8.42 real estate transactions take place per month in CROMER which translates to 101 per annum.

Data report can be found below

Cromer
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,887,500 $775,000
GROWTH REPORT
Median Quarterly 6.55% 2.23%
Median 12 month 16.15% 5.44%
Median 3 years 21.54% -9.99%
Median 5 years 40.62% 0%
10 years average annual 8.71% 5.93%
Weekly media advert. rent $932.5 $500
Time on Market 60.0 days 0.0 days
Gross Rental Yield Percent 2.57% 3.35%
demographics (median values)*
Total Population
39925
Weekly Household Income
1805
Household Size
2.60
Age
38
Monthly Loan Repayment
2400
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.