At number 1072th in the list of Australian suburbs ordered by increase in median house value over the last year, Cremorne, 3121 is in the top 30% with a property value increase of 5.12% recorded in median house prices.
Comparing Cremorne,3121 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
A $655 per week rent on the median house gives suburb investors a gross yield of circa 2.34%, without taking into account capital value appreciation, which has been averaging out at 8.33%.
Investment property in Cremorne has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.99%
Across a shorter period, Cremorne, 3121 has seen a median price increase of -7.82% over the last quarter.
At number 573 in a list of fastest selling suburbs, Cremorne is just in the top half of suburbs in Australia with an average of days on market 73.3333 for properties listed there.
Using the current median advertised rental of $562.5 and the average annual increase in value of a median property of 5.99%, investors should hope to achieve an overall return of 3.40%