Cromer Property Market Update

Cromer Market Update Michelle Jones YOUR LOCAL AGENT

Suburb sales 135

Total sales in Cromer over the last 12 months

25A Toronto Avenue

12 Denison Place

17 Little Willandra Road

18/5 Carousel Close

1/33 Truman Avenue

12 Tennyson Road

17 Evergreen Drive

71 Carawa Road

15 Badcoe Road

99/81 Willandra Road

24 Evergreen Drive

28 Wabash Avenue

Suburb statistics How Cromer performed over the last 12 months

$4,950,000

$2,250,000

$1,170,000

Highest sale price

Median House price

Median Unit price

21

105

30

Average days on market - House

Number of House sales

Number of Unit sales

11

$950/week

$550/week

Average days on market - Unit

Average rental price - House

Average rental price - Unit

31%

13.3%

Capital growth - houses

Capital growth - units

Source: CoreLogic data is reported from July 2021 to the period ending 15th July 2022.

Please note that property sales data is routinely updated, so may change retrospectively.

Market wrap In 2021, the Northern Beaches had the strongest annual growth on record, with median house price growing up to 50%. Taking that into consideration, the first half of 2022 has seen a 15% correction across the northern beaches and specifically Cromer still up 31% compared to 2020. Making these conditions the ideal market to transition into apartment/lifestyle living. Downsizers have many options available to make the change as seamless as possible. As the largest single office on the Northern Beaches, we can assist in finding your next property to purchase or lease. With new developments available across the region, we have many off-the-plan homes that could suit your needs. Currently 61.4% of enquiries is driven by “out of area” buyers looking to call the Northern Beaches home. With 20% less properties on the market and strong buyers looking to make their move, Cromer maintains demand to produce higher than average auction success rates.

I recommend residents take advantage of the market now and increase their personal wealth by shifting their five-year plan into the present whilst the market is still strong. Whether you’re a downsizer, upsizer, first home buyer or wanting to grow your portfolio, we are here to help you find yourself in a better place.

I look forward to chatting with you soon. Michelle Jones • 0452 337 680

How Upstate performed in 2021

544

615

$10,125,000

Residential sales

Residential leased

Highest sale price Northern Beaches

108

123

118,000+

Commercial sales

Commercial leased

Prospective buyers on our database

Auction clearance rates

100%

58%

70.8%

Auction clearance rate Upstate

Auction clearance rate Sydney

Auction clearance rate Northern Beaches

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Michelle Jones Licensed Real Estate Agent

0452 337 680 michelle.j@upstate.com.au

As a dedicated mother, Michelle understands the real needs of families and people seeking the ideal home or sale result.

$3,350,000

177

65%

Highest sale price

Total properties sold

Repeat clients

ACHIEVED A GREAT PRICE

ENTHUSIASM AND KNOWLEDGE

Michelle sent us regular updates

We picked Michelle as our agent

throughout every step of the journey.

because of her enthusiasm, energy

We were particularly impressed with her

and local market knowledge paired

knowledge of the market which enabled

with an air of transparency. Based

her to set an asking price that was able

on our experience we would have

to be achieved much to our satisfaction

no issue recommending Michelle to

and within a very short time frame too.

sell your property.

We’d recommend her without hesitation.

Vendor - Kevin H.

Vendor - Mick and Helen

upstate.com.au Level 1, Suite 15, 888 Pittwater Road, Dee Why, NSW 2099

YearS YOUNG

1922-2022