Get a property report and suburb profile for any property in Cremorne

Cremorne is a harbour-side Lower North Shore suburb on a small peninsula, known for leafy streets, foreshore reserves and reliable harbour views. The built form mixes timber and Federation homes, art deco flats and more recent apartments. The Cremorne Junction shopping strip along Military Road has cafés, restaurants and neighbourhood shops, while Cremorne Point Reserve and the foreshore walk are popular for walking and picnics with water outlooks. Regular ferries and buses connect the suburb to the city, and the area retains a relaxed village atmosphere.

Home to 11,263 people with a median age of 40, Cremorne attracts professionals and families and is weighted towards couple families: 47.5% are couple families without children and, together with couple families with children, they make up 85.7% of families. Owner-occupiers account for 54.2% of homes and renters 45.8%. The council has planned public domain upgrades including Cremorne Plaza and Langley Place, walking and cycling improvements along the Kirribilli–Cremorne route are under way, and the commuter wharf is included in Transport for NSW’s upgrade documentation. Whether it suits you will come down to how much you value a harbour-side, inner-suburban village with local shops and waterside recreation.

On the figures for Cremorne, buying sits well above what a typical local household earned at the last Census. A median house price of $2,545,000 is about 19.7 times a local year's household income at the last Census, and the median unit price of $1,300,000 is about 10.1 times that income. Renting is less stretched but still sizeable: a house rent of $1,350 a week would take roughly 54.4% of a typical local household's weekly income at the last Census, while unit rent of $850 a week would take about 34.3% of that income. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values in Cremorne rose 7.9% over the past 12 months, a solid increase in what houses are worth. Unit values moved the other way, slipping 0.9% over the year.

Unit rents climbed 6.9% over the same period, so for someone focused on rental income the unit side is where the stronger movement has been this year — unit rents grew while unit prices edged down. Whether that pattern suits your goals depends on what you want from an investment.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.