Property investors who have had real estate in Cremorne, 2090 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -25.21%
When looking at the potential capital gains offered to property investors over the last 3 years, Cremorne comes in at number 541th in NSW.
Residents and property investors in Cremorne have been waiting around 80.4444 days to sell a property.
Over the last year, property investments in Cremorne, 2090 have given investors a capital gain of -7.36%. This compares badly with the -4.02% for NSW as a whole.
Over the longer term, Cremorne has seen property prices show investors a 8.63% return over the last 3 years. This is worse than over the last 12 months
At number 230th of NSW’s most discounted properties, Cremorne is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Cremorne have been waiting around 59 days to sell a property.
The NSW suburb of Cremorne, 2090 is in the North Sydney (A) local government area.
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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.