Property value increases in Cremorne have tracked lower than the NSW average of 0.15% over the last 12 months.
Cremorne,2090 has offered an average of -13.58% return per annum in house price rises to property investors over the last three years.
With the median price for a house in Cremorne being $2570000 and the advertised rent reaching $1195 the gross rental yield for property investors calculates out to be 2.42%
Cremorne, 2090 ranked 418th in NSW when comparing growth in median property values or capital gain over the last 12 months. Cremorne is one of 3163 in our list for NSW
Cremorne,2090 has offered an average of -8.38% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Cremorne 2090 should be seeing an average reduction in asking price of around -5.65% . This means that Cremorne is holding prices well when compared to other suburbs in NSW.
Cremorne is 507th on a list of best yielding suburbs for rents in NSW with a 3.11% return
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CBD proximity enhances North Shore suburb’s charm
Median unit price: $1,040,000
Three-year growth: 35.95%
Rental yield: 3.25%
On the lower part of Sydney’s North Shore, the suburb of Cremorne is reporting high demand despite high unit prices.
The stock of properties in this suburb has gone down, which could have spurred buyer competition. In addition, Cremorne is just 6km north of the CBD, making it the perfect suburb for those working in that area as Sydney is roughly 15 minutes away by bus. Thus, apartments spend only a short 45 days on the market, selling at an average discount of just 4%. The growth of 17% over the past 12 months sustains a strong average annual growth rate of 7.23%.
While Cremorne is primarily residential, there is a well-stocked commercial area that offers a supermarket, restaurants and other shops. The local Art Deco-styled cinema, the Hayden Orpheum Picture Palace, is also one of the suburb’s main features.