Unit 1,
105-115 DOVER STREET Cremorne VIC 3121

About Richmond (Vic.)

With an average age of 33, households expect an average monthly mortgage payment of $3,148 or a weekly rent payment of $600. The average family earns a weekly income of $4,250 with a typical household size of 2.5 and a 101.26% employment rate.

Consistent high demand relative to supply is a key feature in Cremorne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Cremorne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Cremorne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Cremorne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Public Transport

Stop 56: East Richmond Station, Lesney Street Stop 53: Howard Street Stop 9: Lennox Street Stop 9: Lennox Street Stop 10: Swan Street Shopping Centre Stop 10: Swan Street Shopping Centre Stop 55: Adelaide Street Stop 55: Gibbons Street Stop 54: Balmain Street Stop 54: Cotter Street

General Points of Interest

Hall's Taekwondo Centre Green Acres Golf Club Trinity College Como Centre Admiral Creswell Memorial Melbourne Cricket Ground Olympia Gymnasium Centenary Bridge Pillar Flemington Grandstand Malvern Valley Public Golf Course

Population

(Country of Birth not stated 3%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Richmond Primary School Melbourne Girls College Collingwood College

• Kamaruka

  South Yarra, VIC, 3141 Independent 3-10

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• Richmond Primary School

  Richmond, VIC, 3121 State Prep-6

  NAPLAN

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• Melbourne Indigenous Transition School

  Richmond, VIC, 3121 Independent 7

  NAPLAN

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• Melbourne High School

  South Yarra, VIC, 3141 State 9-12

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• Melbourne Girls Grammar

  South Yarra, VIC, 3141 Independent Prep-12

  NAPLAN

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Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website