Suburb Profile Report for Cremorne VIC (3121)

Cremorne House: Median price $1,000,000, Annual capital growth 9.30%, Number of sales 27, Weekly median advertised rent $640

Cremorne Unit: Median price $586,525, Annual capital growth 1.95%, Number of sales 28, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$1,000,000 $586,525
-1.23% 3.81%
0.00% -16.33%
9.30% 1.95%
$640 $450
27 28
3.33% 3.99%
N/A 48.91

Source: CoreLogic

DSR Score for property investment : Good (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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