Suburb Profile Report for Cronulla NSW (2230)

Cronulla House: Median price $1,905,000, Annual capital growth 5.75%, Number of sales 82, Weekly median advertised rent $1,000

Cronulla Unit: Median price $783,000, Annual capital growth 6.84%, Number of sales 309, Weekly median advertised rent $500

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Cronulla, 2230 have given investors a capital gain of -15.33%. This compares very badly with the -2.98% for NSW as a whole.

If we look at median property appreciation over just the last three months, Cronulla has given property investors a paper return of -4.75%. This puts Suburb as 1190 on a list of fastest fasting appreciating suburbs in NSW

The most recent median price for Cronulla is $1905000, with sellers offering an average of -7.25% off the asking price.

NSW has seen average median house prices change by -3.18% which means that Cronulla, 2230 has not done well for property investors by showing a capital gain of -12.76% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cronulla has increased when compared to the 5 year average annual rate.

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 Cronulla, 2230. Typically our figures indicate that -7.21% is being offered, which puts this NSW suburb at 364th most discounted overall in Australia.

Often selling an investment property can take time, and in Cronulla the average time real estate has been on the market is 78.7255 days.

Renters in Suburb are facing rents around $26000 per annum or $500 every week.

Metrics i HOUSE UNIT
$1,905,000 $783,000
-4.75% -3.63%
-15.33% -12.76%
5.75% 6.84%
$1,000 $500
82 309
2.73% 3.32%
92.0689655172414 78.7254901960784

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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