Over the last year, property investments in Cromer, 2099 have given investors a capital gain of 11.94%. This compares favourably with the 9.74% for NSW as a whole.
Comparing Cromer,2099 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Cromer is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 667th in terms of most discounted suburbs in NSW
Giving property investors a an unimpressive capital gain of -4.31% for the last year, Cromer, 2099 is the 1384th highest performer in Australia in this respect.
The five-year average increase in median property values for Cromer,2099 has given property investors a potential capital gain of 54.92% across each of those five years.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 6.78%, investors should hope to achieve an overall return of 3.55%