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%.