Property value increases in Cremorne have tracked lower than the VIC average of 8.12% over the last 12 months.
Over the longer term, Cremorne has seen property prices show investors a 23.38% return over the last 3 years. This is worse than over the last 12 months
Cremorne, 3121 ranked 365th in VIC when comparing growth in median property values or capital gain over the last 12 months. Cremorne is one of 2098 in our list for VIC
If we look at median property appreciation over just the last three months, Cremorne has given property investors a paper return of 3.81%. This puts Suburb as 59 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Cremorne are currently offering property investors an average price cut of -9.55% below the asking price at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 1.95%.