Giving property investors a a solid capital gain of 23.75% for the last year, Cremorne, 2090 is the 230th highest performer in Australia in this respect.
Cremorne,2090 has offered an average of 23.75% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Cremorne itself are offering an average vendor discount of -6.32% to real estate investors.
Residents and property investors in Cremorne have been waiting around 37 days to sell a property.
Cremorne has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 22.55% to date .
If we look at median property appreciation over just the last three months, Cremorne has given property investors a paper return of 8.07%. This puts Suburb as 66 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -4.09% to buyers in Cremorne at the moment, which is less than average for the rest of NSW.
In the last year 228 properties changed hands in Cremorne, which puts it as the 51th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
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.