Cremorne Point is a smaller suburb in New South Wales within the North Sydney local government area (postcode 2090). With a population of 2,270, the suburb has a mature demographic with a median age of 47. Households earn a median income of $153K 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 Point is $6.0 million, having declined 4.8% over the past year. Units have a median price of $2.4 million (+38.8% YoY). The current median weekly rent is $865. This gives a gross rental yield of approximately 0.8%. 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 1,731 incidents per 100,000 population.
From an investment perspective, Cremorne Point offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($6.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 39.0x is considered stretched. House prices have moved -4.8% year-on-year.
Cremorne Point is a smaller suburb in New South Wales within the North Sydney local government area (postcode 2090). With a population of 2,270, the suburb has a mature demographic with a median age of 47. Households earn a median income of $153K 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 Point is $6.0 million, having declined 4.8% over the past year. Units have a median price of $2.4 million (+38.8% YoY). The current median weekly rent is $865. This gives a gross rental yield of approximately 0.8%. 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 1,731 incidents per 100,000 population.
From an investment perspective, Cremorne Point offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($6.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 39.0x is considered stretched. House prices have moved -4.8% year-on-year.