NSW has seen average median house prices change by 9.05% which means that Cromer, 2099 has done well for property investors by showing a capital gain of 11.70% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Cromer comes in at number 212th in NSW.
The most recent median price for Cromer is $1480000, with sellers offering an average of -5.29% off the asking price.
A $855 per week rent on the median house gives suburb investors a gross yield of circa 3.00%, without taking into account capital value appreciation, which has been averaging out at 8.02%.
Property investors who have had real estate in Cromer, 2099 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.34%
Taking the average capital gain, or increase in median house value, Cromer,2099 has racked up an average of 0.34% over the period. This ranks it number 102th in the whole country for real estate investors looking at median house price increases.
Property investors should expect to get $495 weekly from the median priced house in this suburb.