Cremorne, NSW 2090
Type of Property: Apartment
Reason of Purchase: Primary Residence
Address: Cabramatta Road, Cremorne NSW 2090
The client was a first home buyer concerned about achieving market value in a competitive, low interest rate environment. Whilst the client lacked market experience, the lower North Shore was identified as a familiar area to focus scope and suited a long-term hold for future property portfolio planning. The client specified express access to public transport options to the City, Chatswood and Northern Beaches whilst residing on the lower North Shore.
The client desired a village atmosphere with a clear sense of community from the neighbourhood. Whilst local shopping choices were a priority, a footprint to dining, bars and markets of immediate surrounding areas were of interest.
As a point of introduction to Cremorne, the suburb size is approximately 2 square kilometres. It has 3 parks covering nearly 3% of total area. The population of Cremorne in 2006 was 10,293 people. By 2011 the population was 11,056 showing a population growth of 7% in the area during that time.
The predominant age group in Cremorne is 25-34 years. Households in Cremorne are primarily couples with children and are likely to be repaying between over $4000 per month on mortgage repayments.
In general, people in Cremorne work in a Professional occupation. In 2006, 52.7% of the homes in Cremorne were owner-occupied compared with 53.6% in 2011.