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Cromer, NSW 2099

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cromer, NSW 2099 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Cromer, NSW 2099”

  1. The total adult population (15 years or older) of Cromer 2099 NSW is 6,357, with a median age of 41. Of those, 53.61% are married, 9.67% are divorced or separated, 31.07% are single and 5.63% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $11,496. The median monthly mortgage repayment for households in this suburb is $3,142 which is 27.33% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the dynamic region of NSW, the suburb of Cromer 2099 boasts an estimated 3425 households. As we move into Q3 of 2023, the typical prices for houses here are set at $1,999,668. The median weekly rent stands at $970, which equates to an indicative yield of 2.52%. Although this yield slightly falls beneath the 3% mark often preferred by cashflow-centered property investors, it’s important to remember that the strength of a property market is the sum of many parts.

    Cromer 2099 presents a robust socio-economic fabric with an IRSAD score of 1105 out of 1217, highlighting a favourable socio-economic status within this region. The renter to owner ratio rests at a comfortable 15%, far below the 30% threshold that could risk oversaturation and competition. With a units to houses ratio at 10%, the suburb heavily favours houses over apartments – a favourable factor in maintaining higher rental yields and attracting longer tenancy periods.

    However, the suburb faces significant affordability challenges. The affordability index hovers at 68 years, significantly above the favourable threshold of 30 years. This intimates a need for considerable time and financial resources to fully own a house in this area.

    When observing supply, Cromer 2099 offers a low stock on market Percentage for houses, standing at just 0.03% – significantly below the 0.4% favourable threshold. The inventory level likewise indicates low supply, with a 0.19-month supply time frame. Further, the building approvals Ratio for houses sits at 0.42%, which suggests a low supply of new dwelling stock.

    In terms of demand, houses in Cromer 2099 sell quite swiftly with an average of 23 Days on Market; a strong indication of high demand. The vacancy rate (considering both houses and units), remains significantly low at 0.97%, suggesting high levels of demand in the suburb. Meanwhile, the buy search index for houses equals to the state average, sitting at 5.

    Despite certain challenges, the suburb of Cromer 2099 holds potential. While trends should continue to be closely monitored, the combination of favourable socio-economic status, low supply, and high demand can form a strong base for property investment decisions. As demonstrated by the RCS (Relative Composite Score), understanding and leveraging multifaceted property market data remains critical.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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