Thinking about buying in Cremorne? Now could not be a better time, with just 82 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $392,000 with prices in this suburb ranging from $207,000 to $792,000. Cremorne is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $ |
Median Monthly Mortgage | $ |
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Average Income | $ |
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Average Properties Within 50M |
Consistent high demand relative to supply is a key feature in Cremorne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Cremorne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Cremorne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Cremorne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
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201 CREMORNE AV, CREMORNE, TAS, 7024 |
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Offers Invited |
St Patrick's College
St Joseph's Catholic Primary School
Mackay North State School
Victoria Park State School
Mackay Central State School
Mackay North State High School
Mackay Christian College
Fitzgerald State School
St Mary's Catholic Primary School
(While the above schools are located with the suburb of Cremorne there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.0 | 13.0 | 23.7 | 36.6 | 81.5 | 5.3 | 23.7 |
Feb | 1.0 | 12.5 | 22.7 | 41.4 | 84.3 | 4.8 | 19.1 |
Mar | 1.1 | 11.3 | 21.5 | 42.2 | 85.4 | 4.5 | 14.4 |
Apr | 1 | 9.2 | 18.7 | 43.5 | 85.6 | 4.5 | 10.3 |
May | 1.2 | 6.9 | 15.6 | 49.0 | 87.2 | 4.4 | 6.9 |
Jun | 1.6 | 5.2 | 13.4 | 56.2 | 89.2 | 4.1 | 5.6 |
Jul | 1.0 | 4.5 | 13.1 | 51.7 | 87.7 | 4.5 | 6.1 |
Aug | 1.5 | 4.9 | 13.8 | 48.2 | 86.5 | 4.9 | 8.6 |
Sept | 1.2 | 6.6 | 16.1 | 42.8 | 84.6 | 5.0 | 12.9 |
Oct | 1.3 | 8.0 | 18.0 | 41.2 | 84.3 | 5.0 | 18.4 |
Nov | 1.5 | 10.0 | 19.8 | 40.9 | 84.4 | 5.2 | 21.3 |
Dec | 1.5 | 11.5 | 21.8 | 39.0 | 82.1 | 5.3 | 24.2 |
source: Australian Government Bureau of Meteorology
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