Suburb Profile Report for Cromer NSW (2099)

Cromer House: Median price $1,412,500, Annual capital growth 7.48%, Number of sales 91, Weekly median advertised rent $858

Cromer Unit: Median price $820,000, Annual capital growth 8.54%, Number of sales 17, Weekly median advertised rent $493

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 1351th in the list of Australian suburbs ordered by increase in median house value over the last year, Cromer, 2099 is in the top 40% with a property value increase of 8.65% recorded in median house prices.

While Cromer,2099 ranked number 774th in NSW for increase in median house value (annualised) increase, it is ranked 358th over the last 5 years.

Vendor discounting in Cromer is giving property investors an average Vendor Discount of around -4.65%. This puts suburb at number 766th in NSW when ranking the most discounted suburbs.

In the last year 91 properties changed hands in Cromer, which puts it as the 325th most active market in NSW when comparing the number of sales per suburb.

Over the last year, property investments in Cromer, 2099 have given investors a capital gain of 12.56%. This compares favourably with the 5.88% for NSW as a whole.

A 96.41% growth in median value for property investors in Cromer,2099 puts this suburb at number 548th in terms of best performing suburbs in NSW

Cromer is 531th on a list of best yielding suburbs for rents in NSW with a 3.12% return

Metrics i HOUSE UNIT
$1,412,500 $820,000
1.62% -13.68%
8.65% 12.56%
7.48% 8.54%
$858 $493
91 17
3.16% 3.12%
42.36 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 7161
Median household income ($/weekly) 1659
Median age of persons 40
Median housing loan repayment ($/monthly) 2600
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1042 14.5
    35-44 years 1178 16.4
    45-54 years 1026 14.3
    55-64 years 827 11.5
    65-74 years 632 8.8
    Others 2457 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 3008 56.9
    Not Married 1939 36.6
    Defacto Relationship 344 6.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5273 76.1
    Japan 128 1.8
    Papua New Guinea 144 2.1
    United Kingdom 574 8.3
    Other 195 2.8
    Others 611 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 1.1
    Christianity 5090 75.8
    Islam 27 0.4
    Judaism 20 0.3
    No Religion 1470 21.9
    Others 32 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 205 9.4
    $1,500-$1,999 265 12.2
    $2,000-$2,499 224 10.3
    $2,500-$2,999 273 12.5
    $3,000-$3,499 175 8.0
    Others 1036 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2198 40.5
    Not in the labour force 1699 31.3
    Employed, worked part-time 1206 22.2
    Employed, away from work 200 3.7
    Unemployed, looking for work 124 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 572 15.9
    Professionals 792 22.0
    Technicians & trades workers 513 14.3
    Clerical & administrative workers 592 16.4
    Sales 367 10.2
    Others 763 21.2
    Occupation
    Census Count Percent(%)
    Pre-school 188 10.4
    Infants/Primary 704 38.9
    Secondary 490 27.1
    Technical or Further Educational Institution 173 9.6
    University or other Tertiary Institutions 218 12.0
    Others 37 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5910 85.5
    Flat, unit or apartment 520 7.5
    Semi-detached, row or terrace house, townhouse 485 7.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1051 43.9
    Fully owned 938 39.2
    Rented 337 14.1
    Other tenure type 66 2.8
    Tenure Type
Census 2011, ABS
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