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%