Suburb Profile Report for Cremorne NSW (2090)

Cremorne House: Median price $2,325,000, Annual capital growth 7.26%, Number of sales 56, Weekly median advertised rent $1,275

Cremorne Unit: Median price $1,005,500, Annual capital growth 6.61%, Number of sales 262, Weekly median advertised rent $650

  • 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 6.38% which means that Cremorne, 2090 has done well for property investors by showing a capital gain of 6.90% over the last year

A 41.94% growth in median value for property investors in Cremorne,2090 puts this suburb at number 223th in terms of best performing suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Cremorne is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 273th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

Renters in Suburb are facing rents around $15300 per annum or $1275 every week.

At number 241th in the list of Australian suburbs ordered by increase in median house value over the last year, Cremorne, 2090 is in the top 20% with a property value increase of 13.62% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Cremorne comes in at number 222th in NSW.

Cremorne, 2090 is offering NSW ‘s 369th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.

Property investors should expect to get $650 weekly from the median priced house in this suburb.

HOUSE UNIT
$2,325,000 $1,005,500
5.68% 3.66%
6.90% 13.62%
7.26% 6.61%
$1,275 $650
56 262
2.85% 3.36%
45.06 41.29

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 11049
Median household income ($/weekly) 2122
Median age of persons 37
Median housing loan repayment ($/monthly) 2817
Average household size 2
  • Census Count Percent(%)
    5-14 years 834 7.5
    25-34 years 2492 22.6
    35-44 years 2055 18.6
    45-54 years 1376 12.5
    55-64 years 1270 11.5
    Others 3021 27.3
    Age Group
    Census Count Percent(%)
    Not Married 3676 44.5
    Registered Married 3471 42.0
    Defacto Relationship 1118 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6230 62.5
    Croatia 216 2.2
    Papua New Guinea 376 3.8
    United Kingdom 930 9.3
    Other 685 6.9
    Others 1537 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 361 3.8
    Christianity 5995 62.6
    Hinduism 116 1.2
    Judaism 145 1.5
    No Religion 2850 29.8
    Others 110 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 533 12.0
    $2,000-$2,499 310 7.0
    $2,500-$2,999 865 19.5
    $3,000-$3,499 340 7.7
    $4,000 or more 550 12.4
    Others 1845 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4581 53.2
    Not in the labour force 2049 23.8
    Employed, worked part-time 1444 16.8
    Employed, away from work 313 3.6
    Unemployed, looking for work 230 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1313 20.7
    Professionals 2585 40.8
    Community & personal service workers 392 6.2
    Clerical & administrative workers 917 14.5
    Sales 466 7.4
    Others 664 10.5
    Occupation
    Census Count Percent(%)
    Pre-school 175 8.7
    Infants/Primary 542 26.9
    Secondary 369 18.3
    Technical or Further Educational Institution 161 8.0
    University or other Tertiary Institutions 649 32.2
    Others 120 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5555 56.8
    Separate house 2512 25.7
    Semi-detached, row or terrace house, townhouse 1644 16.8
    House or flat attached to a shop, office 77 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2140 44.7
    Fully owned 1330 27.8
    Being purchased 1295 27.0
    Other tenure type 23 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals