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Cremorne
VIC, 3121 - Yarra

Thinking about buying in Cremorne? Now could not be a better time, with 2636 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,500,000 with prices in this suburb ranging from $323,000 to $6,251,000. Cremorne is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $513.93
Median Monthly Mortgage $2518.29
Median Persons Per Bedroom 0.96
Average Household Size 2.14
Average Age 34.36
Average Income $1583.57
Average Cars Per Dwelling 1.17
Average Properties Within 50M 88

Housing Stock

Average Property Prices

1 Bed  $832,000
2 Bed  $1,640,000
3 Bed  $2,259,000
4 Bed  $2,706,000
5 Bed  $2,225,000

Cremorne Real Estate Market Outlook

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. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Properties for sale Cremorne

Belle Property unit 407, 381 punt rd, cremorne, vic, 3121 Beds3 Bathrooms1 Parking 3 $1,500,000 - $1,600,000

Local Schools

Richmond Primary School

Melbourne High School

Melbourne Girls Grammar

Kamaruka

Melbourne Indigenous Transition School

Christ Church Grammar School

Richmond High School

South Yarra Primary School

Lynall Hall Community School

Melbourne Grammar School

(While the above schools are located with the suburb of Cremorne there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

Other offences

Property and deception offences

Public order and security offences

Drug offences

Crimes against the person

Justice procedures offences

source: The Australian Bureau of Statistics

Cremorne weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

South YarraRichmondEast MelbourneMelbourneBurnleyToorakPrahranSouthbankAbbotsfordWindsor

Public Transport


General Points of Interest

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