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Cremorne Point

POSTAL CODE: NSW, 2090
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Figures from the previous quarter show that capital gains for real estate buyers in CREMORNE POINT are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

On average, rents on listings have reached the $800 mark, reflecting a 0.84% increase in returns based on the current median price in CREMORNE POINT.

CREMORNE POINT, 2090 ranks 1334th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1162nd on the list of best yielding suburbs for rental properties in NSW, posting a 0.84% return.

Surburb overview

Cremorne Point, located approximately 6 kilometres north of Sydney's central business district, is a harbourside suburb on the Lower North Shore. It falls under the jurisdiction of North Sydney Council and shares the 2090 postcode with the adjacent suburb of Cremorne. The suburb is situated on a peninsula bordered by Shell Cove and Mosman Bay, offering residents panoramic views of Sydney Harbour.

As of the 2016 census, Cremorne Point had a population of 2,270 residents. The median age was 47 years, higher than the national median of 38. A significant majority, 61.5%, were born in Australia, with notable communities from England (8.1%). English was the predominant language spoken at home, accounting for 83.1% of households. The suburb is characterised by a high proportion of apartment living, with 79.9% of occupied private dwellings being flats, units, or apartments, significantly higher than the national average of 14.2%.

Public transportation is well-serviced in Cremorne Point. The suburb has two ferry wharves: Cremorne Point Wharf on the south-western side and Old Cremorne Wharf in Mosman Bay to the east. These wharves are part of the Mosman Bay ferry route, providing residents direct access to Circular Quay and other harbour destinations. Keolis Downer Northern Beaches also operates bus route 225, connecting Cremorne Point to Neutral Bay Wharf via Military Road, facilitating convenient travel to surrounding areas.

Essential amenities in Cremorne Point include the Cremorne Point Manor, a 4-star boutique hotel at 6 Cremorne Road. The suburb's proximity to neighbouring areas such as Neutral Bay and Mosman provides residents access to a broader range of shopping centres, restaurants, and services.

Recreational activities are abundant, with the Sydney Amateur Sailing Club situated on the eastern side of the point, offering sailing opportunities for enthusiasts. The suburb also features scenic walking trails along the foreshore, providing picturesque views of Sydney Harbour, the Opera House, and the Harbour Bridge. These trails are popular for residents and visitors seeking strolls amidst natural beauty.

Regarding real estate, Cremorne Point is considered an exclusive and sought-after area. Due to its harbourside location and stunning views, properties often command premium prices. The housing landscape mainly comprises apartments, reflecting the suburb's high-density residential character.

Cremorne Point offers tranquil residential living with convenient access to Sydney's urban amenities. It is a desirable location for those seeking a balance between city proximity and serene harbour-side surroundings. 

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