What's the sweet spot for affordability and cash flow?
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Property investors have seen a 0.53% gain in CROMER based on an increase 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 $1,621,000
Profits averaged 15.79% 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 $900 based on current median home prices for the suburb.
The gross rental yield in CROMER, 2099 is 2.89%.
An average of 7.58 real estate transactions take place per month in CROMER which translates to 91 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,621,000 | $776,250 |
| GROWTH REPORT | ||
| Median Quarterly | 0.53% | 6.05% |
| Median 12 month | 8.43% | 6.05% |
| Median 3 years | 47.36% | 37.82% |
| Median 5 years | 89.59% | 64.63% |
| 10 years average annual | 8.15% | 8.17% |
| Weekly media advert. rent | $900 | $500 |
| Time on Market | 48.1 days | 0.0 days |
| Gross Rental Yield Percent | 2.89% | 3.35% |
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