Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
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.
This number can mean, real estate investors could earn a rental income of $950 based on current median home prices for the suburb.
On average, rents on listings have reached the $950 mark, reflecting a 2.18% increase in returns based on the current median price in CRONULLA.
CRONULLA, 2230 ranks 779th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1173rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.18% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,270,000 | $880,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.18% | 1.15% |
| Median 12 month | -1.07% | 3.53% |
| Median 3 years | 25.35% | 21.38% |
| Median 5 years | 75.29% | 60.66% |
| 10 years average annual | 8.43% | 8.32% |
| Weekly media advert. rent | $950 | $510 |
| Time on Market | 75.2 days | 60.7 days |
| Gross Rental Yield Percent | 2.18% | 3.01% |
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