Cremorne Point (postcode 2090) is a compact suburb in New South Wales within the North Sydney local government area. With a population of 2,270, the suburb has an older-leaning population with a median age of 47. Households earn a median income of $153K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Cremorne Point stand at $5.6 million, having dropped significantly by 10.2% over the last twelve months. Units have a median price of $1.5 million (-12.9% YoY). The current median weekly rent is $958. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,996.
Public transport access includes 1 ferry wharf, 9 bus stops. The crime rate in the North Sydney LGA is low at 1,752 incidents per 100,000 population.
From an investment perspective, Cremorne Point shows a gross rental yield of approximately 0.9%, rated as low yield. Property prices are above the state median ($5.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 36.8x is considered stretched. House prices have moved -10.2% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.