Thinking about buying in Cremorne? Now could not be a better time, with 2636 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,500,000 with prices in this suburb ranging from $323,000 to $6,251,000. Cremorne is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Household Makeup
| Median Weekly Rent | $513.93 |
| Median Monthly Mortgage | $2518.29 |
| Median Persons Per Bedroom | 0.96 |
| Average Household Size | 2.14 |
| Average Age | 34.36 |
| Average Income | $1583.57 |
| Average Cars Per Dwelling | 1.17 |
| Average Properties Within 50M | 88 |
Housing Stock
Average Property Prices
| 1 Bed $832,000 |
| 2 Bed $1,640,000 |
| 3 Bed $2,259,000 |
| 4 Bed $2,706,000 |
| 5 Bed $2,225,000 |
Cremorne Real Estate Market Outlook
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.
Properties for sale Cremorne
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unit 407, 381 punt rd, cremorne, vic, 3121 |  3 |
 1 |
 3 |
$1,500,000 - $1,600,000 |
Local Schools
Richmond Primary School
Melbourne High School
Melbourne Girls Grammar
Kamaruka
Melbourne Indigenous Transition School
Christ Church Grammar School
Richmond High School
South Yarra Primary School
Lynall Hall Community School
Melbourne Grammar School
(While the above schools are located with the suburb of Cremorne there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Cremorne weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
| Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
| Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
| Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
| May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
| Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
| Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
| Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
| Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
| Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
| Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
| Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Stop 56: East Richmond Station, Lesney Street - Less than 1 KM
Stop 53: Howard Street - Less than 1 KM
Stop 9: Lennox Street - Less than 1 KM
Stop 9: Lennox Street - Less than 1 KM
Stop 10: Swan Street Shopping Centre - Less than 1 KM
Stop 10: Swan Street Shopping Centre - Less than 1 KM
Stop 55: Adelaide Street - Less than 1 KM
Stop 55: Gibbons Street - Less than 1 KM
Stop 54: Balmain Street - Less than 1 KM
Stop 54: Cotter Street - Less than 1 KM
General Points of Interest
Hall's Taekwondo Centre - Less than 10 KM
Green Acres Golf Club - Less than 10 KM
Trinity College - Less than 5 KM
Como Centre - Less than 2 KM
Admiral Creswell Memorial - Less than 5 KM
Melbourne Cricket Ground - Less than 2 KM
Olympia Gymnasium - Less than 5 KM
Centenary Bridge Pillar - Less than 10 KM
Flemington Grandstand - Less than 10 KM
Malvern Valley Public Golf Course - Less than 10 KM
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