Suburb Profile Report for Cremorne VIC (3121)

Cremorne House: Median price $1,015,000, Annual capital growth 9.86%, Number of sales 29, Weekly median advertised rent $620

Cremorne Unit: Median price $574,025, Annual capital growth 3.20%, Number of sales 30, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2423th in the list of Australian suburbs ordered by increase in median house value over the last year, Cremorne, 3121 is in the BOTTOM 50% with a property value increase of 2.34% recorded in median house prices.

Cremorne,3121 has offered an average of 2.34% return per annum in house price rises to property investors over the last three years.

In the last year 29 properties changed hands in Cremorne, which puts it as the 524th most active market in VIC when comparing the number of sales per suburb.

Cremorne, 3121’s gross rental yield is 3.18%

At number 1662th in the list of Australian suburbs ordered by increase in median house value over the last year, Cremorne, 3121 is in the BOTTOM 10% with a property value increase of -15.58% recorded in median house prices.

The five-year average increase in median property values for Cremorne,3121 has given property investors a potential capital gain of -11.28% across each of those five years.

Vendor discounting in Cremorne is giving property investors an average Vendor Discount of around -11.14%. This puts suburb at number 7th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.

Cremorne is 181th on a list of best yielding suburbs for rents in VIC with a 4.17% return

HOUSE UNIT
$1,015,000 $574,025
-5.32% -1.55%
2.34% -15.58%
9.86% 3.20%
$620 $460
29 30
3.18% 4.17%
N/A 52.91

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1564
Median household income ($/weekly) 2182
Median age of persons 32
Median housing loan repayment ($/monthly) 2500
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 104 6.6
    25-34 years 660 42.2
    35-44 years 320 20.4
    45-54 years 128 8.2
    55-64 years 90 5.8
    Others 263 16.8
    Age Group
    Census Count Percent(%)
    Not Married 610 49.2
    Registered Married 344 27.8
    Defacto Relationship 285 23.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1087 75.0
    Hong Kong 31 2.1
    Papua New Guinea 70 4.8
    United Kingdom 75 5.2
    Other 53 3.7
    Others 133 9.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 8 0.6
    Christianity 672 49.2
    Judaism 12 0.9
    Other Religious Groups 13 1.0
    No Religion 644 47.1
    Others 17 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 89 14.1
    $2,000-$2,499 64 10.2
    $2,500-$2,999 115 18.3
    $3,000-$3,499 52 8.3
    $4,000 or more 72 11.4
    Others 237 37.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 859 66.0
    Employed, worked part-time 196 15.1
    Not in the labour force 163 12.5
    Employed, away from work 47 3.6
    Unemployed, looking for work 37 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 199 18.1
    Professionals 474 43.0
    Technicians & trades workers 93 8.4
    Clerical & administrative workers 127 11.5
    Sales 83 7.5
    Others 126 11.4
    Occupation
    Census Count Percent(%)
    Pre-school 17 6.6
    Infants/Primary 69 26.8
    Secondary 21 8.2
    Technical or Further Educational Institution 23 8.9
    University or other Tertiary Institutions 112 43.6
    Others 15 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 652 45.9
    Separate house 450 31.6
    Flat, unit or apartment 316 22.2
    House or flat attached to a shop, office 4 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 332 48.3
    Being purchased 223 32.5
    Fully owned 126 18.3
    Other tenure type 6 0.9
    Tenure Type
Census 2011, ABS
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