Cremorne is a smaller suburb in Victoria within the Yarra local government area (postcode 3121). With a population of 2,158, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $154K per year, with an average household size of 2 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 $1.2 million, having declined 7.3% over the past year. Units have a median price of $625,000 (-11.2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,300.
Public transport access includes 2 rail stations, 6 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Cremorne offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -7.3% year-on-year.
Cremorne is a smaller suburb in Victoria within the Yarra local government area (postcode 3121). With a population of 2,158, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $154K per year, with an average household size of 2 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 $1.2 million, having declined 7.3% over the past year. Units have a median price of $625,000 (-11.2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,300.
Public transport access includes 2 rail stations, 6 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Cremorne offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -7.3% year-on-year.