Cremorne
3121 VIC
Cremorne, VIC 3121 is a vibrant suburb with a population of 2158 residents. The area has a mix of age groups, with a significant number of young adults aged between 20 to 34 years. Most residents commute using private vehicles and prefer to work from home. The suburb has a high percentage of professionals and managers, indicating a white-collar workforce. Public transportation options include trains and buses. There is a strong demand for rental properties, with a low vacancy rate and high room demand.
For Houses, Cremorne presents an opportunity for investors interested in renovating properties, as indicated by the high sale price IQR ratio. The suburb has shown positive growth in median sale prices over the past 10 years, making it an appealing option for long-term investment. With a high market absorption rate and low days on market, there is a strong demand for housing in the area. For Units, Cremorne offers a decent rental yield and a moderate sale price IQR ratio, making it suitable for investors seeking stable returns.
Cremorne, VIC 3121 is a desirable suburb for both homeowners and investors. With strong demand for rental properties, low vacancy rates, and high room demand, the area presents good investment opportunities. The suburb's demographic profile is skewed towards professionals and young adults, with a preference for working from home. Overall, Cremorne is a promising location for property investment, especially for those looking for capital growth and rental returns.
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
$1.300M
# Sales
34
12M Growth
2.0%
10Y Ave Growth
1.6%
Why Buyers Look Here
Tight supply — Only 0.1% of stock on market — limited turnover supports price growth.
Fast selling market — Properties sell in a median of 26 days — high buyer competition.
Low vacancy — 0.3% vacancy rate — strong rental demand and tenant retention.
Capital Growth
Pricing and long-term growth profile for Cremorne houses.
Median Price
$1.300M
# Sales
34
12M Growth
2.0%
10Y Ave Growth
1.6%
Rental Market
Yield, rental pricing and vacancy performance for Cremorne houses.
Weekly Rent
$835
Rental Yield
3.7%
Vacancy Rate
0.3%
Rentals Last 12M
44
Supply & Demand
Stock levels, days on market and selling conditions for Cremorne.
Stock on Market
0.1%
Days on Market
26
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
