Investment property in Cromer has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.42%
A 94.42% growth in median value for property investors in Cromer,2099 puts this suburb at number 309th in terms of best performing suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cromer, 2099. Typically our figures indicate that -3.50% is being offered, which puts this NSW suburb at 3232th most discounted overall in Australia.
At number 262 in a list of fastest selling suburbs, Cromer is in the TOP 10% of suburbs in Australia with an average of days on market 35.36 for properties listed there.
Using the current median advertised rental of $882.5 and the average annual increase in value of a median property of 8.65%, investors should hope to achieve an overall return of 2.80%
Giving property investors a a poor capital gain of -23.00% for the last year, Cromer, 2099 is the 1715th highest performer in Australia in this respect.
LACK OF BUYER INTEREST may well be the reason that Cromer is offering property investors an average of -4.27. This rate of discount on properties puts Suburb at number 334th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 7.25%, investors should hope to achieve an overall return of 4.27%