At number 1379th in the list of Australian suburbs ordered by increase in median house value over the last year, Cremorne, 2090 is in the top 40% with a property value increase of 8.26% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cremorne has increased when compared to the 5 year average annual rate.
Cremorne, 2090 is offering NSW ‘s 174th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
Cremorne is 1007th on a list of best yielding suburbs for rents in NSW with a 2.64% return
With a capital gain of 16.76% for the last 12 months, Cremorne, 2090 has performed for property investments than its average annual 7.15% property growth over the last 5 years.
While Cremorne,2090 ranked number 131th in NSW for increase in median house value (annualised) increase, it is ranked 161th over the last 5 years.
Our latest figures would indicate that property sellers in Cremorne are currently offering property investors an average price cut of -3.76% below the asking price at the moment.
On average over the past year, suburb has had 21.17 sales per month, which equates to 254 per year.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.23%, without taking into account capital value appreciation, which has been averaging out at 7.15%.