Powered by MOMENTUM MEDIA
AREA REPORTS

Cremorne

Suburb Profile

Cremorne - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3121

house
unit

Homeowners and real estate investors betting on CREMORNE, 3121 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.92%.

A steady increase in median property prices over a five-year period in the suburb translates to a 35.15% capital gain.

Property investors in CREMORNE enjoyed capital gains of 11.92% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,410,250.

Profits due to an upward trend in home prices there averaged 11.72% per annum over a 3-year period.

Home owners selling their properties and realtors in CREMORNE usually have to wait an average of 66.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $650 mark, reflecting a 2.4% increase in returns based on the current median price in CREMORNE.

CREMORNE, 3121 places 382nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,410,250 $945,500
GROWTH REPORT
Median Quarterly -1.38% N/A
Median 12 month 11.92% N/A
Median 3 years 35.15% N/A
Median 5 years 77.84% N/A
10 years average annual 9.33% N/A
Weekly media advert. rent $650 $572.5
Time on Market 66.0 days 0.0 days
Gross Rental Yield Percent 2.4% 3.15%
demographics (median values)
Total Population
1394
Weekly Household Income
1738
Household Size
2.20
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Sold sign

Housing costs drop to 10-year low

Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research. ...

For rent

Where rents are going somewhere versus nowhere

New analysis by Propertyology has identified the capital cities where changing rental markets are prospering – and where they aren’t. ...

Auction

Where auction activity is busy this weekend

Upcoming auction activity is forecast to increase across the combined capital cities this weekend. What will be the busiest suburbs? ...

Kevin Young

High unemployment rate ‘undermining’ confidence for Qld investors

New figures showing Queensland has the highest unemployment rate will undermine property investment confidence in the sunshine state, accord...

Rent v buy property conundrum

Revisiting the rent v buy property conundrum

A growing number of regions are reporting rental prices that are on par with mortgage repayments, reigniting the age-old question of whether...

Setting a budget for property investment

Expert advice: Setting a budget for property investment

Property investment is one of the biggest financial commitments anyone can make. As such, aspiring investors must be equipped with the knowl...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.