Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Property investors have seen a 0.62% 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 14.34%.
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 $1,635,000
Profits averaged 0.62% 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 $840 based on current median home prices for the suburb.
The gross rental yield in CROMER, 2099 is 2.67%.
An average of 7.25 real estate transactions take place per month in CROMER which translates to 87 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,635,000 | $714,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.62% | -2.86% |
| Median 12 month | 14.34% | 0.25% |
| Median 3 years | 1.87% | -0.14% |
| Median 5 years | 30.8% | 9.85% |
| 10 years average annual | 7.26% | 5.9% |
| Weekly media advert. rent | $840 | $535 |
| Time on Market | 48.0 days | 0.0 days |
| Gross Rental Yield Percent | 2.67% | 3.9% |
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