Suburb Profile Report for Cremorne Point NSW (2090)

Cremorne Point House: Median price $3,775,000, Annual capital growth 18.91%, Number of sales 12, Weekly median advertised rent N/A

Cremorne Point Unit: Median price $1,180,000, Annual capital growth 5.11%, Number of sales 47, Weekly median advertised rent $750

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.28% which means that Cremorne Point, 2090 has done well for property investors by showing a capital gain of 1.89% over the last year

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

Cremorne Point is in the bottom 10% in NSW when comparing median price capital growth over the last year. Cremorne Point gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.81%.

Over the longer term, Cremorne Point has seen property prices show investors a 25.03% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Cremorne Point is $1180000, with sellers offering an average of -2.70% off the asking price.

A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 5.11%.

HOUSE UNIT
$3,775,000 $1,180,000
-14.69% 6.79%
1.89% -7.81%
18.91% 5.11%
N/A $750
12 47
N/A 3.31%
N/A 71.94

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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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