Suburb Profile Report for Cremorne NSW (2090)

Cremorne House: Median price $2,600,000, Annual capital growth 7.87%, Number of sales 59, Weekly median advertised rent $1,250

Cremorne Unit: Median price $1,152,000, Annual capital growth 8.24%, Number of sales 228, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

Information supplied by:


May 2017

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On the lower part of Sydney’s North Shore, the suburb of Cremorne is reporting high demand despite high unit prices.Full summary

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. 


 Close
Metrics i HOUSE UNIT
$2,600,000 $1,152,000
0.00% 8.07%
23.75% 22.55%
7.87% 8.24%
$1,250 $650
59 228
2.50% 2.93%
37 49.21

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Cremorne NSW
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
Chart Table
Recent sales & rentals