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Cremorne Point Suburb Insights
VICLocation Information
Suburb Name
Cremorne Point, VIC
Distance from CBD
5.2 kmDemographics
Population
2,409
Median Income
$76,024
Area Information
Area
0.43 km²
Population Density
5602 people/km²
Property Market
Median Price
$593,969
Annual Growth
+11%Property Price Trend Analysis
Current Median Price
$593,969
Annual Growth
+11%
Quarterly Growth
+1.2%
Price Trends - Last 6 Months
2024-01
$798,398
+3.2%2024-02
$915,754
+4.8%2024-03
$511,812
+13.3%2024-04
$1,061,943
+6.8%2024-05
$1,130,129
+15.9%2024-06
$631,448
+18.9%Property Type Price Analysis
House
Median Price
$1,221,107
Growth Rate
+14.3%Available Listings
309 properties
Apartment
Median Price
$446,533
Growth Rate
+9.5%Available Listings
918 properties
Townhouse
Median Price
$739,732
Growth Rate
+10.7%Available Listings
177 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy