Suburb Profile Report for Cremorne VIC (3121)

Cremorne House: Median price $1,072,000, Annual capital growth 9.89%, Number of sales 26, Weekly median advertised rent $625

Cremorne Unit: Median price $510,000, Annual capital growth 1.72%, Number of sales 25, Weekly median advertised rent $495

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.13% which means that Cremorne, 3121 has done well for property investors by showing a capital gain of 12.25% over the last year

Cremorne,3121 has offered an average of 12.25% return per annum in house price rises to property investors over the last three years.

Cremorne is 414th on a list of best yielding suburbs for rents in VIC with a 3.03% return

At number 1666th 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 -17.41% recorded in median house prices.

Over the longer term, Cremorne has seen property prices show investors a -26.09% return over the last 3 years. This is an improvement over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.33% offered to property buyers. Sellers in Cremorne itself are offering an average vendor discount of -9.60% to real estate investors.

Often selling an investment property can take time, and in Cremorne the average time real estate has been on the market is 63 days.

Cremorne is 76th on a list of best yielding suburbs for rents in VIC with a 5.05% return

HOUSE UNIT
$1,072,000 $510,000
7.20% -13.56%
12.25% -17.41%
9.89% 1.72%
$625 $495
26 25
3.03% 5.05%
N/A 63

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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