Suburb Profile Report for Cronulla NSW (2230)

Cronulla House: Median price $1,950,000, Annual capital growth 7.72%, Number of sales 75, Weekly median advertised rent $873

Cronulla Unit: Median price $787,000, Annual capital growth 6.91%, Number of sales 431, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Cronulla have tracked lower than the NSW average of 7.47% over the last 12 months.

If we look at median property appreciation over just the last three months, Cronulla has given property investors a paper return of -0.51%. This puts Suburb as 1117 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -6.75% to buyers in Cronulla at the moment, which is less than average for the rest of NSW.

In the last year 75 properties changed hands in Cronulla, which puts it as the 428th most active market in NSW when comparing the number of sales per suburb.

A $872.5 per week rent on the median house gives suburb investors a gross yield of circa 2.33%, without taking into account capital value appreciation, which has been averaging out at 7.72%.

Investment property in Cronulla 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 8.18%

Taking the average capital gain, or increase in median house value, Cronulla,2230 has racked up an average of 8.18% over the period. This ranks it number 200th in the whole country for real estate investors looking at median house price increases.

Cronulla, 2230 is offering NSW ‘s 264th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

Residents and property investors in Cronulla have been waiting around 43.56 days to sell a property.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 6.91%, investors should hope to achieve an overall return of 3.30%

Metrics i HOUSE UNIT
$1,950,000 $787,000
-0.51% 2.21%
0.26% 8.18%
7.72% 6.91%
$873 $500
75 431
2.33% 3.30%
60.78 43.56

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Cronulla NSW
Demographics
Total population 17041
Median household income ($/weekly) 1455
Median age of persons 37
Median housing loan repayment ($/monthly) 2275
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 1384 8.1
    25-34 years 3665 21.5
    35-44 years 2309 13.5
    45-54 years 2217 13.0
    55-64 years 2058 12.1
    Others 5409 31.7
    Age Group
    Census Count Percent(%)
    Not Married 6347 47.1
    Registered Married 5282 39.2
    Defacto Relationship 1849 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 13252 82.3
    Papua New Guinea 367 2.3
    South Africa 123 0.8
    United Kingdom 767 4.8
    Other 541 3.4
    Others 1053 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 187 1.2
    Christianity 11996 76.6
    Islam 60 0.4
    Other Religious Groups 48 0.3
    No Religion 3322 21.2
    Others 55 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 608 8.7
    $1,250-$1,499 648 9.2
    $1,500-$1,999 974 13.9
    $2,000-$2,499 651 9.3
    $2,500-$2,999 784 11.2
    Others 3360 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6891 48.8
    Not in the labour force 3714 26.3
    Employed, worked part-time 2563 18.2
    Employed, away from work 588 4.2
    Unemployed, looking for work 361 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1523 15.2
    Professionals 2375 23.7
    Technicians & trades workers 1385 13.8
    Community & personal service workers 1179 11.7
    Clerical & administrative workers 1624 16.2
    Others 1954 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 231 7.7
    Infants/Primary 797 26.7
    Secondary 664 22.2
    Technical or Further Educational Institution 457 15.3
    University or other Tertiary Institutions 694 23.2
    Others 146 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 9828 62.1
    Separate house 4984 31.5
    Semi-detached, row or terrace house, townhouse 985 6.2
    House or flat attached to a shop, office 30 0.2
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3186 42.2
    Fully owned 2293 30.4
    Being purchased 2049 27.1
    Other tenure type 27 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals