Fraud Blocker

Cremorne, TAS 7024

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cremorne, TAS 7024 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Cremorne, TAS 7024”

  1. The total adult population (15 years or older) of Cremorne 7024 TAS is 463, with a median age of 43. Of those, 54.43% are married, 11.02% are divorced or separated, 29.81% are single and 3.24% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $10,088. The median monthly mortgage repayment for households in this suburb is $1,733 which is 17.18% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban pocket of Cremorne, postcode 7024, nestled in the idyllic region of Tasmania, is home to approximately 281 households. Entering the final stretch of 2023, the market statistics indicate a vibrant market environment for houses within this suburb.

    Property investors and potential buyers would be intrigued to discover that as of Q3, the typical house price in Cremorne stands at an enticing $899,216. The complementing median weekly rent is currently set at $597, translating into an indicative yield of 3.45%. This yield comfortably crosses the minimum attractive market requirement of 3%, painting a favourable picture for cashflow-centered property investors.

    The suburb proudly showcases an IRSAD score of 1065 out of a possible 1217, suggesting a high socio-economic standing in comparison with other regions. This score indicates a high level of income, access to economic resources and skilled professions, thereby increasing the appeal among potential investors.

    The renter to owner ratio in Cremorne is significantly low at 7%, showing a healthy market not oversaturated by rental properties. Adding to the market’s attractiveness, the suburb has a units to houses ratio of 0%, ideal for landlords looking for less competition and hoping to maintain higher rental yields.

    However, the affordability index clocks in at 35 years, slightly hinging on the unfavourable side, as it exceeds the standard 30-year mortgage duration. This metric intimates that full ownership of a house could take longer due to factors such as median family income, current interest rates, and property prices.

    From a supply perspective, the stock on market Percentage for houses is neutral at 0.71%, somewhat balancing the buyer-seller market. The suburb’s housing market inventory level sits at 6.0 months, indicating a higher supply. building approvals Ratio remains at 0.0%, pointing towards minimal new dwellings likely to enter the market soon.

    When considering demand, houses in this suburb are snapped up quickly with an average of only 2 Days on Market, suggesting high demand. The Combining houses and units vacancy rate nests at a healthy 1.34% signifying a high appeal amongst renters. The buy search index for houses, however useful to gauge interest, indicates limited demand at a score of 3.

    In all, while Cremorne, 7024 may present a few minor challenges, it generally depicts a favourable environment based on majority of metrics aimed at attracting property investors and homebuyers alike. To simplify the process of identifying investment-worthy markets further, HtAG analytics provides RCS (Relative Composite Score) metric, utilizing over 80 metrics to streamline your property market research. Review the dashboard for visual trends of these statistics to inform smarter investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment