This property is Off Market
With an average age of 38, households expect an average monthly mortgage payment of $5,200 or a weekly rent payment of $913. The average family earns a weekly income of $3,892 with a typical household size of 3.3 and a 94.5% employment rate.
Consistent high demand relative to supply is a key feature in Cromer driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Cromer are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Cromer changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Cromer we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Cromer a better buying opportunity than it may have been in the past.
Cromer a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
52 / 100
31 / 100
Industry
14 / 100
22 / 100
Population
13 / 100
19 / 100
House Prices
89 / 100
60 / 100
Jobs
24 / 100
29 / 100
Incidents Trend State Average
Collaroy Plateau Public School
Collaroy Plateau, NSW, 2097 State K-6
Northern Beaches Secondary College Cromer Campus
Cromer, NSW, 2099 State 7-12
Karuna Montessori School
Narraweena, NSW, 2099 Independent K
Narraweena Public School
Narraweena, NSW, 2099 State K-6
St Rose Catholic Primary School
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Fisher Road School
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Pittwater House Schools
Collaroy, NSW, 2097 Independent K-12
Wheeler Heights Public School
Collaroy Plateau, NSW, 2097 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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