Suburb Profile Report for Cromer NSW (2099)

Cromer House: Median price $1,480,000, Annual capital growth 8.02%, Number of sales 94, Weekly median advertised rent $855

Cromer Unit: Median price $738,500, Annual capital growth 7.15%, Number of sales 15, Weekly median advertised rent $495

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$1,480,000 $738,500
5.71% -9.94%
11.70% 0.34%
8.02% 7.15%
$855 $495
94 15
3.00% 3.49%
41.37 N/A

Source: CoreLogic

DSR Score for property investment : 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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