Property investors enjoyed capital gains of 13.25% over the last 12 months in CRONULLA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in CRONULLA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 40.68% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $962.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $962.5 mark, reflecting a 2.21% increase in returns based on the current median price in CRONULLA.
CRONULLA, 2230 ranks 311th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1099th on the list of best yielding suburbs for rental properties in NSW, posting a 2.21% return.
Property investors have seen a -0.47% drop in CRONULLA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CRONULLA, 2230 saw average growth in the long term.
CRONULLA, 2230 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 $845,000.
Profits due to an upward trend in home prices in CRONULLA, 2230 averaged 11.3% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
The gross rental yield in CRONULLA, 2230 is 3.2%.
An average of 34 real estate transactions take place per month in CRONULLA which translates to 408 per annum.
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