Cronulla is an average performer in NSW when comparing median price capital growth over the last year. Cronulla gave property investors a average capital gain figure when compared to the rest of the state, with 13.48%.
Taking the average capital gain, or increase in median house value, Cronulla,2230 has racked up an average of 13.48% over the period. This ranks it number 219th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.25% offered to property buyers. Sellers in Cronulla itself are offering an average vendor discount of -9.86% to real estate investors.
A $890 per week rent on the median house gives suburb investors a gross yield of circa 2.05%, without taking into account capital value appreciation, which has been averaging out at 8.42%.
With a capital gain of 10.52% for the last 12 months, Cronulla, 2230 has performed for property investments than its average annual 7.67% property growth over the last 5 years.
Over the longer term, Cronulla has seen property prices show investors a 37.45% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.14% offered to property buyers. Sellers in Cronulla itself are offering an average vendor discount of -5.16% to real estate investors.
Situated 20.46km from the CBD, Cronulla is one of Sutherland Shire localities in the postcode 2230.