Over the last year, property investments in Bronte, 2024 have given investors a capital gain of 10.81%. This compares favourably with the 8.99% for NSW as a whole.
Bronte,2024 has offered an average of 10.81% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.52% offered to property buyers. Sellers in Bronte itself are offering an average vendor discount of -7.22% to real estate investors.
Renters in Suburb are facing rents around $13800 per annum or $1150 every week.
Bronte is in the bottom 20% in NSW when comparing median price capital growth over the last year. Bronte gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.00%.
While Bronte,2024 ranked number 396th in NSW for increase in median house value (annualised) increase, it is ranked 141th over the last 5 years.
The most recent median price for Bronte is $980000, with sellers offering an average of 0.00% off the asking price.
In the last year 56 properties changed hands in Bronte, which puts it as the 233th most active market in NSW when comparing the number of sales per suburb.
A $692.5 per week rent on the median house gives suburb investors a gross yield of circa 3.67%, without taking into account capital value appreciation, which has been averaging out at 7.71%.