At number 1465th in the list of Australian suburbs ordered by increase in median house value over the last year, Cremorne, 2090 is in the top 40% with a property value increase of 11.23% recorded in median house prices.
A 71.41% growth in median value for property investors in Cremorne,2090 puts this suburb at number 976th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -9.54% to buyers in Cremorne at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.
Advertised rents are around the $1250 mark per week – giving a return of 2.49% based on the median price in Suburb
Property value increases in Cremorne have tracked just higher than the NSW average of 8.39% over the last 12 months.
Cremorne,2090 has offered an average of 14.60% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -5.15% to buyers in Cremorne at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $7920 per annum or $660 every week.
On the lower part of Sydney’s North Shore, the suburb of Cremorne is reporting high demand despite high unit prices.Full summary
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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.