Suburb Profile Report for Cremorne Point NSW (2090)

Cremorne Point House: Median price $4,750,000, Annual capital growth 33.29%, Number of sales 13, Weekly median advertised rent N/A

Cremorne Point Unit: Median price $1,225,000, Annual capital growth 5.80%, Number of sales 53, Weekly median advertised rent $750

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Cremorne Point 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 30.05%

Over the longer term, Cremorne Point has seen property prices show investors a 50.08% return over the last 3 years. This is worse than over the last 12 months

If you compare the increase in value of investment property in Cremorne Point, 2090 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.16%.

Over the longer term, Cremorne Point has seen property prices show investors a 29.80% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Cremorne Point is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 311th in terms of most discounted suburbs in NSW

A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.18%, without taking into account capital value appreciation, which has been averaging out at 5.80%.

Metrics i HOUSE UNIT
$4,750,000 $1,225,000
N/A 7.22%
30.05% -3.16%
33.29% 5.80%
N/A $750
13 53
N/A 3.18%
N/A 67.3

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Cremorne Point NSW
Demographics
Total population 1979
Median household income ($/weekly) 2530
Median age of persons 43
Median housing loan repayment ($/monthly) 3525
Average household size 2
  • Census Count Percent(%)
    25-34 years 328 16.6
    35-44 years 344 17.4
    45-54 years 306 15.5
    55-64 years 277 14.0
    65-74 years 210 10.6
    Others 513 25.9
    Age Group
    Census Count Percent(%)
    Registered Married 737 49.0
    Not Married 596 39.6
    Defacto Relationship 171 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1202 66.2
    South Africa 55 3.0
    United Kingdom 202 11.1
    United States of America 52 2.9
    Other 93 5.1
    Others 211 11.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 1.5
    Christianity 1097 62.8
    Islam 15 0.9
    Judaism 30 1.7
    No Religion 561 32.1
    Others 18 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 58 7.2
    $1,500-$1,999 85 10.5
    $2,500-$2,999 186 22.9
    $3,000-$3,499 67 8.3
    $4,000 or more 128 15.8
    Others 287 35.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 766 48.1
    Not in the labour force 425 26.7
    Employed, worked part-time 303 19.0
    Employed, away from work 50 3.1
    Unemployed, looking for work 47 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 288 25.8
    Professionals 497 44.5
    Community & personal service workers 62 5.6
    Clerical & administrative workers 129 11.6
    Sales 63 5.6
    Others 77 6.9
    Occupation
    Census Count Percent(%)
    Pre-school 25 7.5
    Infants/Primary 86 25.8
    Secondary 69 20.7
    Technical or Further Educational Institution 23 6.9
    University or other Tertiary Institutions 111 33.3
    Others 19 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1278 72.6
    Separate house 362 20.6
    Semi-detached, row or terrace house, townhouse 120 6.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 436 49.7
    Fully owned 277 31.6
    Being purchased 161 18.4
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals