Suburb Profile Report for Cromer NSW (2099)

Cromer House: Median price $1,447,500, Annual capital growth 7.80%, Number of sales 93, Weekly median advertised rent $853

Cromer Unit: Median price $820,000, Annual capital growth 8.40%, Number of sales 16, Weekly median advertised rent $495

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Cromer has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.66%

Taking the average capital gain, or increase in median house value, Cromer,2099 has racked up an average of 9.66% over the period. This ranks it number 377th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Cromer is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 603th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 7.75 sales per month, which equates to 93 per year.

Using the current median advertised rental of $852.5 and the average annual increase in value of a median property of 7.80%, investors should hope to achieve an overall return of 3.06%

NSW has seen average median house prices change by 6.07% which means that Cromer, 2099 has done well for property investors by showing a capital gain of 11.41% over the last year

Metrics i HOUSE UNIT
$1,447,500 $820,000
3.39% N/A
9.66% 11.41%
7.80% 8.40%
$853 $495
93 16
3.06% 3.14%
40.04 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
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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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