Cremorne TAS 7024: Property Market Report & Real Estate Insights

Part of Clarence, TAS

Cremorne Real Estate Market Outlook

Thinking about buying in Cremorne? Now could not be a better time, with just 300 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $460,000 with prices in this suburb ranging from $33,000 to $1,417,000. Cremorne is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Cremorne

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.

Instant Property Valuation

Cremorne, located in Clarence, Tasmania, is a picturesque coastal suburb known for its tranquil atmosphere and stunning natural beauty. The housing market in Cremorne has seen significant interest over the years, particularly from those looking to escape the hustle and bustle of urban life while still being within a commutable distance to Hobart. Properties in Cremorne are often characterized by their proximity to the beach, offering potential homeowners scenic views and the calming sound of the ocean. The types of homes vary, from charming beachside cottages to more modern, architecturally designed residences, catering to a range of tastes and budgets. As demand increases, property prices have seen notable appreciation, though they still remain relatively affordable compared to larger metropolitan areas, making Cremorne an attractive option for both first-time homebuyers and those looking to invest in a second home or rental property.

Living in Cremorne offers a unique lifestyle that blends relaxation with community spirit. The suburb is well-known for its tight-knit community, where neighbors know each other, and local events are well-attended, fostering a strong sense of belonging among residents. Cremorne's primary appeal lies in its natural surroundings, with ample opportunities for outdoor activities such as swimming, fishing, and kayaking in the nearby waters of Frederick Henry Bay. The area is also popular for leisurely walks along the beach and exploring the nearby Cremorne Foreshore Reserve. Despite its serene environment, Cremorne is only about a 30-minute drive to Hobart, providing easy access to the city's amenities, including shopping, dining, and entertainment options. Overall, Cremorne offers a peaceful yet engaging lifestyle, perfect for those who value community connection and the beauty of nature.

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