Cremorne has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 20.09% to date .
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.
Cremorne2090 is located in NSW which offers an average discount of -5.28% to property investors. Cremorne itself is showing figures that indicate -6.58% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Cremorne the average time real estate has been on the market is 33.17 days.
Cremorne, 2090’s gross rental yield is 2.45%
Cremorne is in the TOP 20% in NSW when comparing median price capital growth over the last year. Cremorne gave property investors a very good capital gain figure when compared to the rest of the state, with 19.90%.
The five-year average increase in median property values for Cremorne,2090 has given property investors a potential capital gain of 72.56% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Cremorne is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 183th in terms of most discounted suburbs in NSW
Cremorne is 537th on a list of best yielding suburbs for rents in NSW with a 2.94% return
On the lower part of Sydney’s North Shore, the suburb of Cremorne is reporting high demand despite high unit prices.Full summary
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CBD proximity enhances North Shore suburb’s charm
Median unit price: $1,040,000
Three-year growth: 35.95%
Rental yield: 3.25%
On the lower part of Sydney’s North Shore, the suburb of Cremorne is reporting high demand despite high unit prices.
The stock of properties in this suburb has gone down, which could have spurred buyer competition. In addition, Cremorne is just 6km north of the CBD, making it the perfect suburb for those working in that area as Sydney is roughly 15 minutes away by bus. Thus, apartments spend only a short 45 days on the market, selling at an average discount of just 4%. The growth of 17% over the past 12 months sustains a strong average annual growth rate of 7.23%.
While Cremorne is primarily residential, there is a well-stocked commercial area that offers a supermarket, restaurants and other shops. The local Art Deco-styled cinema, the Hayden Orpheum Picture Palace, is also one of the suburb’s main features.