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Property investors have seen a -4.6% drop in CROMER based on a decrease in median home prices for the past three months.
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 $1,546,500
Profits averaged 11.84% 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 $855 based on current median home prices for the suburb.
The gross rental yield in CROMER, 2099 is 2.87%.
An average of 7.42 real estate transactions take place per month in CROMER which translates to 89 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,546,500 | $852,500 |
| GROWTH REPORT | ||
| Median Quarterly | -4.6% | 9.82% |
| Median 12 month | -0.55% | 16.54% |
| Median 3 years | 35.51% | 20.24% |
| Median 5 years | 78.79% | 113.13% |
| 10 years average annual | 7.49% | 9.96% |
| Weekly media advert. rent | $855 | $497.5 |
| Time on Market | 52.0 days | 53.3 days |
| Gross Rental Yield Percent | 2.87% | 3.03% |
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