At number 1231th in the list of Australian suburbs ordered by increase in median house value over the last year, Cronulla, 2230 is in the top 30% with a property value increase of 8.89% recorded in median house prices.
Comparing Cronulla,2230 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Cronulla 2230 should be seeing an average reduction in asking price of around -4.85% . This means that Cronulla is holding prices well when compared to other suburbs in NSW.
Renters in Suburb are facing rents around $10800 per annum or $900 every week.
Over the last year, property investments in Cronulla, 2230 have given investors a capital gain of 9.06%. This compares favourably with the 6.59% for NSW as a whole.
Over the longer term, Cronulla has seen property prices show investors a 41.45% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Cronulla is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 342th in terms of most discounted suburbs in NSW
Cronulla, 2230’s gross rental yield is 3.35%