Over the last year, property investments in Cremorne, 3121 have given investors a capital gain of 0.50%. This compares very badly with the 8.06% for VIC as a whole.
Cremorne,3121 has offered an average of 0.50% return per annum in house price rises to property investors over the last three years.
Cremorne is 370th on a list of best yielding suburbs for rents in VIC with a 3.26% return
If you compare the increase in value of investment property in Cremorne, 3121 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -13.43%.
Cremorne,3121 was ranked 531 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Cremorne should be aiming for at least -9.67% off the asking price, which is the average vendor discount being achieved at the moment.
Cremorne, 3121’s gross rental yield is 4.03%