Cremorne, 2090 ranked 625th in NSW when comparing growth in median property values or capital gain over the last 12 months. Cremorne is one of 3163 in our list for NSW
Comparing Cremorne,2090 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Cremorne itself are offering an average vendor discount of -7.60% to real estate investors.
At number 168 in a list of fastest selling suburbs, Cremorne is in the TOP 10% of suburbs in Australia with an average of days on market 38.84 for properties listed there.
A $1210 per week rent on the median house gives suburb investors a gross yield of circa 2.67%, without taking into account capital value appreciation, which has been averaging out at 7.00%.
If you compare the increase in value of investment property in Cremorne, 2090 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 17.00%.
Cremorne,2090 has offered an average of 17.00% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.01% to buyers in Cremorne at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $650 mark per week – giving a return of 3.25% based on the median price in Suburb