Cremorne
3121 VIC
Cremorne, VIC 3121, is a vibrant suburb with a population of 2,158 residents. The demographic is diverse, with a mix of age groups, and a strong prevalence of professionals and managers. Commute options include train, motor vehicle, and a high rate of people working from home.
For houses, Cremorne offers potential for renovation opportunities given the high sale price IQR ratio. The suburb has limited social housing and a low vacancy rate, hinting at stable property demand. In terms of units, investors may find opportunities in the high rental yield and room demand-supply ratio.
Cremorne presents an attractive location for both homeowners and investors. With good infrastructure and high online search interest, the suburb offers a mix of property options for those looking to live or invest in the area.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Cremorne houses.
Median Price
$1.270M
# Sales
25
12M Growth
0.0%
10Y Ave Growth
0.7%
Why Buyers Look Here
Tight supply — Only 0.3% of stock on market — limited turnover supports price growth.
Fast selling market — Properties sell in a median of 29 days — high buyer competition.
Low vacancy — 0.5% vacancy rate — strong rental demand and tenant retention.
Capital Growth
Pricing and long-term growth profile for Cremorne houses.
Median Price
$1.270M
# Sales
25
12M Growth
0.0%
10Y Ave Growth
0.7%
Rental Market
Yield, rental pricing and vacancy performance for Cremorne houses.
Weekly Rent
$850
Rental Yield
3.8%
Vacancy Rate
0.5%
Rentals Last 12M
47
Supply & Demand
Stock levels, days on market and selling conditions for Cremorne.
Stock on Market
0.3%
Days on Market
29
Building Approvals
1.3%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Cremorne.
Population
2,158
Owner Occupiers
48%
Median Income
$154k
IRSAD Rank
100
