Suburb Profile Report for Cremorne NSW (2090)

Cremorne House: Median price $2,468,000, Annual capital growth 7.48%, Number of sales 58, Weekly median advertised rent $1,200

Cremorne Unit: Median price $1,070,000, Annual capital growth 7.72%, Number of sales 167, Weekly median advertised rent $650

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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.

Information supplied by:


May 2017

M
O

W
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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. 


 
Metrics i HOUSE UNIT
$2,468,000 $1,070,000
-11.38% -3.60%
-25.21% -7.36%
7.48% 7.72%
$1,200 $650
58 167
2.53% 3.16%
80.4444444444444 59

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 11049
Median household income ($/weekly) 2122
Median age of persons 37
Median housing loan repayment ($/monthly) 2817
Average household size 2
  • Census Count Percent(%)
    5-14 years 834 7.5
    25-34 years 2492 22.6
    35-44 years 2055 18.6
    45-54 years 1376 12.5
    55-64 years 1270 11.5
    Others 3021 27.3
    Age Group
    Census Count Percent(%)
    Not Married 3676 44.5
    Registered Married 3471 42.0
    Defacto Relationship 1118 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6230 62.5
    Croatia 216 2.2
    Papua New Guinea 376 3.8
    United Kingdom 930 9.3
    Other 685 6.9
    Others 1537 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 361 3.8
    Christianity 5995 62.6
    Hinduism 116 1.2
    Judaism 145 1.5
    No Religion 2850 29.8
    Others 110 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 533 12.0
    $2,000-$2,499 310 7.0
    $2,500-$2,999 865 19.5
    $3,000-$3,499 340 7.7
    $4,000 or more 550 12.4
    Others 1845 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4581 53.2
    Not in the labour force 2049 23.8
    Employed, worked part-time 1444 16.8
    Employed, away from work 313 3.6
    Unemployed, looking for work 230 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1313 20.7
    Professionals 2585 40.8
    Community & personal service workers 392 6.2
    Clerical & administrative workers 917 14.5
    Sales 466 7.4
    Others 664 10.5
    Occupation
    Census Count Percent(%)
    Pre-school 175 8.7
    Infants/Primary 542 26.9
    Secondary 369 18.3
    Technical or Further Educational Institution 161 8.0
    University or other Tertiary Institutions 649 32.2
    Others 120 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5555 56.8
    Separate house 2512 25.7
    Semi-detached, row or terrace house, townhouse 1644 16.8
    House or flat attached to a shop, office 77 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2140 44.7
    Fully owned 1330 27.8
    Being purchased 1295 27.0
    Other tenure type 23 0.5
    Tenure Type
Census 2011, ABS
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