Suburb Profile Report for Cronulla NSW (2230)

Cronulla House: Median price $1,992,000, Annual capital growth 7.76%, Number of sales 67, Weekly median advertised rent $890

Cronulla Unit: Median price $824,000, Annual capital growth 7.46%, Number of sales 441, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$1,992,000 $824,000
1.89% 2.30%
1.63% 10.60%
7.76% 7.46%
$890 $500
67 441
2.32% 3.16%
37.16 39.36

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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
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