Suburb Profile Report for Cremorne NSW (2090)

Cremorne House: Median price $2,360,000, Annual capital growth 7.00%, Number of sales 51, Weekly median advertised rent $1,210

Cremorne Unit: Median price $1,040,000, Annual capital growth 7.23%, Number of sales 259, Weekly median advertised rent $650

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$2,360,000 $1,040,000
6.67% 5.85%
7.76% 17.00%
7.00% 7.23%
$1,210 $650
51 259
2.67% 3.25%
38.84 44.52

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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