At number 2806th in the list of Australian suburbs ordered by increase in median house value over the last year, Cronulla, 2230 is in the BOTTOM 40% with a property value increase of 1.63% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Cronulla,2230 has racked up an average of 1.63% over the period. This ranks it number 669th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -11.76% to buyers in Cronulla at the moment, which is less than average for the rest of NSW.
At number 230 in a list of fastest selling suburbs, Cronulla is in the TOP 10% of suburbs in Australia with an average of days on market 37.16 for properties listed there.
With the median price for a house in Cronulla being $1992000 and the advertised rent reaching $890 the gross rental yield for property investors calculates out to be 2.32%
Over the last year, property investments in Cronulla, 2230 have given investors a capital gain of 10.60%. This compares favourably with the 6.96% for NSW as a whole.
Cronulla,2230 was ranked 602 in Australia by increase in median property value over the quarter.
Property buyers and investors in Cronulla 2230 should be seeing an average reduction in asking price of around -3.61% . This means that Cronulla is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $500 mark per week – giving a return of 3.16% based on the median price in Suburb