Suburb Profile Report for Cromer NSW (2099)

Cromer House: Median price $1,395,000, Annual capital growth 7.25%, Number of sales 94, Weekly median advertised rent $853

Cromer Unit: Median price $820,000, Annual capital growth 8.97%, Number of sales 14, Weekly median advertised rent $493

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Cromer have tracked close to the NSW average of 7.28% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cromer has increased when compared to the 5 year average annual rate.

Cromer, 2099 is offering NSW ‘s 807th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

Property investors should expect to get $852.5 weekly from the median priced house in this suburb.

Cromer, 2099 ranked 108th in NSW when comparing growth in median property values or capital gain over the last 12 months. Cromer is one of 3163 in our list for NSW

Cromer,2099 was ranked 1589 in Australia by increase in median property value over the quarter.

In the last year 14 properties changed hands in Cromer, which puts it as the 522th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $492.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,395,000 $820,000
2.95% -7.34%
7.31% 13.89%
7.25% 8.97%
$853 $493
94 14
3.18% 3.12%
39.9 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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