Giving property investors a a solid capital gain of 13.64% for the last year, Bronte, 2024 is the 746th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Bronte has given property investors a paper return of 4.50%. This puts Suburb as 389 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Bronte is giving property investors an average Vendor Discount of around -6.29%. This puts suburb at number 353th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $1200 and the average annual increase in value of a median property of 10.13%, investors should hope to achieve an overall return of 1.92%
If you compare the increase in value of investment property in Bronte, 2024 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.44%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bronte has increased when compared to the 5 year average annual rate.
Situated 4.16km from the CBD, Bronte is one of Waverley localities in the postcode 2024.