What is the true cost of buying an apartment in Cremorne?

The median apartment in Cremorne is $1,250,000. Including stamp duty ($51,160), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $88,352, or $7,363/month.

What does it really cost to buy a house in Cremorne?

The median house in Cremorne is $2,850,000. True first-year cost including stamp duty ($139,160), rates, insurance, maintenance, and mortgage repayments is approximately $192,282.

What is the vacancy rate in Cremorne?

Cremorne currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Cremorne

2090 NSW · 6km to CBD

Rising

A decision, not just a search · Cremorne

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Cremorne is an exclusive harbourside suburb on Sydney's prestigious Lower North Shore, renowned for its premium location and stunning harbour views. The suburb is characterized by high-density apartment living, with over 70% of housing stock comprising units and apartments, reflecting the geographic constraints of this sought-after peninsula location. The demographic profile is dominated by affluent young professionals and established families who are drawn to the suburb's proximity to both Sydney CBD and North Sydney, excellent public transport connectivity, and prestigious North Shore lifestyle. Property values remain consistently high due to limited supply and strong demand, with the market showing remarkable resilience even during broader economic uncertainties. Cremorne Point Reserve provides residents with world-class recreational amenities and iconic harbour views, while the nearby Neutral Bay precinct offers comprehensive shopping and dining options. The suburb's strategic location, combined with excellent infrastructure and transport links, positions it as one of Sydney's most desirable residential addresses, attracting both owner-occupiers seeking lifestyle and investors pursuing capital growth in a tightly held market.

Premium harbourside location with stunning water viewsExcellent public transport connectivity to CBD and North SydneyHigh-quality apartment stock with modern amenitiesStrong rental demand from young professionalsAccess to prestigious North Shore schools and amenities

Market Snapshot

Median House

$2.9M

+8.2% 1yr

Median Apartment

$1.3M

+6.8% 1yr

Median Townhouse

$2.1M

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

3.2%

Yield (House)

2.8%

Auction Clearance

72%

Population

4,200

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$7,363/mo

Purchase Price

$1,250,000

Stamp Duty

$51,160

1st Year Total

$88,352

House

$16,024/mo

Purchase Price

$2,850,000

Stamp Duty

$139,160

1st Year Total

$192,282

Townhouse

$11,461/mo

Purchase Price

$2,100,000

Stamp Duty

$97,910

1st Year Total

$137,528

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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