Cremorne is a well-established suburb in New South Wales within the North Sydney local government area (postcode 2090). With a population of 11,263, the suburb has an established demographic with a median age of 40. Households earn a median income of $129K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Cremorne is $3.7 million, having dropped significantly 14.4% over the past year. Units have a median price of $1.3 million (-13.8% YoY). The current median weekly rent is $865. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,200.
Cremorne is served by 1 school, including 1 combined. The average ICSEA score is 1190, which is well above the national average of 1,000. Public transport access includes 33 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the North Sydney LGA is low at 1,731 incidents per 100,000 population.
From an investment perspective, Cremorne offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($3.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 28.4x is considered stretched. House prices have moved -14.4% year-on-year.
Cremorne is a well-established suburb in New South Wales within the North Sydney local government area (postcode 2090). With a population of 11,263, the suburb has an established demographic with a median age of 40. Households earn a median income of $129K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Cremorne is $3.7 million, having dropped significantly 14.4% over the past year. Units have a median price of $1.3 million (-13.8% YoY). The current median weekly rent is $865. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,200.
Cremorne is served by 1 school, including 1 combined. The average ICSEA score is 1190, which is well above the national average of 1,000. Public transport access includes 33 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the North Sydney LGA is low at 1,731 incidents per 100,000 population.
From an investment perspective, Cremorne offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($3.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 28.4x is considered stretched. House prices have moved -14.4% year-on-year.