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Cremorne Suburb Insights
VICLocation Information
Suburb Name
Cremorne, VIC
Distance from CBD
19.4 kmDemographics
Population
11,227
Median Income
$68,952
Area Information
Area
1.63 km²
Population Density
6888 people/km²
Property Market
Median Price
$479,473
Annual Growth
+14.6%Property Price Trend Analysis
Current Median Price
$479,473
Annual Growth
+14.6%
Quarterly Growth
+2.6%
Price Trends - Last 6 Months
2024-01
$1,019,910
+5.7%2024-02
$746,625
+9.6%2024-03
$875,997
+7.7%2024-04
$584,358
+10.1%2024-05
$636,440
+15.4%2024-06
$671,290
+19.4%Property Type Price Analysis
House
Median Price
$1,607,404
Growth Rate
+10.2%Available Listings
157 properties
Apartment
Median Price
$362,676
Growth Rate
+8.8%Available Listings
727 properties
Townhouse
Median Price
$553,776
Growth Rate
+9.7%Available Listings
210 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy