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Cromer

Suburb Profile

Cromer - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2099

house
unit

Property investors have seen a 0.63% 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 18.38%.

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 $1,610,000

Profits averaged 1.07% 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 $852.5 based on current median home prices for the suburb.

The gross rental yield in CROMER, 2099 is 2.75%.

An average of 7 real estate transactions take place per month in CROMER which translates to 84 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,610,000 $735,000
GROWTH REPORT
Median Quarterly 0.63% 0%
Median 12 month 18.38% 3.19%
Median 3 years 3.21% 1.62%
Median 5 years 42.16% 3.67%
10 years average annual 7.75% 6.62%
Weekly media advert. rent $852.5 $540
Time on Market 48.9 days 0.0 days
Gross Rental Yield Percent 2.75% 3.82%
demographics (median values)
Total Population
7637
Weekly Household Income
1374
Household Size
2.80
demographics
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