Suburb Profile Report for Cremorne VIC (3121)

Cremorne House: Median price $1,000,000, Annual capital growth 8.42%, Number of sales 30, Weekly median advertised rent $620

Cremorne Unit: Median price $583,050, Annual capital growth 2.85%, Number of sales 29, Weekly median advertised rent $465

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

Source: CoreLogic

  • House Report
  • Unit Report

Cremorne has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.47% to date .

The five-year average increase in median property values for Cremorne,3121 has given property investors a potential capital gain of 36.99% across each of those five years.

Cremorne, 3121’s gross rental yield is 3.22%

VIC has seen average median house prices change by 4.26% which means that Cremorne, 3121 has done well for property investors by showing a capital gain of -16.17% over the last year

A -12.65% growth in median value for property investors in Cremorne,3121 puts this suburb at number 260th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Cremorne should be aiming for at least -10.01% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $465 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,000,000 $583,050
-1.23% -0.59%
-3.47% -16.17%
8.42% 2.85%
$620 $465
30 29
3.22% 4.15%
N/A 55.54

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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Recent sales & rentals