Property investors who have had real estate in Cromer, 2099 should be pleased 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 13.73%
The five-year average increase in median property values for Cromer,2099 has given property investors a potential capital gain of 57.88% across each of those five years.
Property buyers and investors in Cromer 2099 should be seeing an average reduction in asking price of around -3.75% . This means that Cromer is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Cromer being $1342000 and the advertised rent reaching $850 the gross rental yield for property investors calculates out to be 3.29%
Property value increases in Cromer have tracked higher than the NSW average of 6.92% over the last 12 months.
Cromer,2099 has offered an average of 31.18% return per annum in house price rises to property investors over the last three years.
Cromer, 2099’s gross rental yield is 2.89%