Investment property in Cromer has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.66%
Taking the average capital gain, or increase in median house value, Cromer,2099 has racked up an average of 9.66% over the period. This ranks it number 377th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Cromer is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 603th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 7.75 sales per month, which equates to 93 per year.
Using the current median advertised rental of $852.5 and the average annual increase in value of a median property of 7.80%, investors should hope to achieve an overall return of 3.06%
NSW has seen average median house prices change by 6.07% which means that Cromer, 2099 has done well for property investors by showing a capital gain of 11.41% over the last year