Giving property investors a a solid capital gain of 19.84% for the last year, Cremorne, 2090 is the 342th highest performer in Australia in this respect.
Cremorne,2090 was ranked 408 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Cremorne itself are offering an average vendor discount of -6.32% to real estate investors.
At number 238 in a list of fastest selling suburbs, Cremorne is in the TOP 10% of suburbs in Australia with an average of days on market 38.73 for properties listed there.
Using the current median advertised rental of $1325 and the average annual increase in value of a median property of 7.23%, investors should hope to achieve an overall return of 2.70%
Property value increases in Cremorne have tracked higher than the NSW average of 6.22% over the last 12 months.
Cremorne,2090 was ranked 178 in Australia by increase in median property value over the quarter.
Cremorne, 2090 is offering NSW ‘s 247th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.