Cromer is in the TOP 20% in NSW when comparing median price capital growth over the last year. Cromer gave property investors a very good capital gain figure when compared to the rest of the state, with 17.59%.
Cromer,2099 was ranked 1452 in Australia by increase in median property value over the quarter.
Vendor discounting in Cromer is giving property investors an average Vendor Discount of around -3.75%. This puts suburb at number 979th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $850 and the average annual increase in value of a median property of 6.80%, investors should hope to achieve an overall return of 3.29%
Over the last year, property investments in Cromer, 2099 have given investors a capital gain of 9.31%. This compares averagely with the 8.14% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Cromer comes in at number 3rd in NSW.
Property investors looking for a bargain in Cromer should be aiming for at least -3.50% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $5760 per annum or $480 every week.