Robert Holmes
2/116 Milson Road, Cremorne Point, NSW 2090
Price Guide - Contact Agent
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Open Thursday 11 June 11:30 am Auction Thursday 25 June 6:00 pm🏛️ About This Suburb (Last Updated Date: 2026-03-13)
History, Aboriginal heritage, and the story behind the name.
Cremorne Point — Cammeraygal Country
Originally used for harbor defense and later as a pleasure garden in the 1850s, the area was subdivided for residential use in the late 19th century. It developed rapidly in the early 20th century, characterized by grand Federation homes and high-quality Art Deco apartment blocks. The foreshore was preserved as public parkland due to early community activism.
Today, it is one of Sydney's most prestigious residential enclaves, known for its quiet, leafy streets and lack of commercial activity.
Overall Score
9
A premier Sydney location with high barriers to entry and exceptional lifestyle appeal.
Aboriginal Name
Wulworra-Jeung— "The traditional name for the point itself, part of the Eora Nation lands."
Name Origin
Named after the Cremorne Gardens in London, a popular mid-19th century pleasure garden.
Established
Gazetted 1927
Commute
10-minute ferry to Circular Quay
Heritage Pool
Home to the iconic Maccallum Pool
Community Garden
Lex and Ruby Graham Gardens are resident-maintained
Nature
3km foreshore walk with 180-degree harbor views
📊 Scorecard
12 key dimensions scored 0–10. Each score includes a one-line explanation.
Market Momentum
7
Prices remain resilient due to extreme scarcity, though high interest rates have moderated volume.
Amenity
5
Very few shops or cafes within the suburb itself; residents rely on Neutral Bay.
Schools
7
No schools in the suburb, but falls within the highly regarded Neutral Bay Public catchment.
Transport
8
The ferry service is elite, but car access is via a single congested road.
Risk Profile
9
Extremely low risk of capital loss given the unique peninsula geography.
Liveability
9
Exceptional harbor access and quiet streets, though lacks local retail convenience.
Demographics
9
High-income professionals and retirees with very high owner-occupancy rates.
Rental Demand
8
Strong demand for executive rentals and 'lifestyle' downsizer units.
Growth Potential
6
Limited by lack of new development; growth is driven by prestige scarcity.
Affordability
1
One of Australia's most expensive suburbs with a very high entry price point.
Crime & Safety
10
One of the safest suburbs in the Sydney metropolitan area.
Walkability
7
Beautiful foreshore walks, but very hilly and far from grocery stores.
⚡ Quick Snapshot
Key metrics at a glance, plus your top advantages and watch-outs.
Unit Median
$1,850,000
Significant premium over Sydney average
Ownership
62%
High percentage of owner-occupiers
Vacancy
1.4%
Tight rental market
Safety
High
Very low incident rates
Transport
Ferry
Primary link to CBD
Education
Catchment
Neutral Bay Public School
✅ Key Advantages
- Unrivaled, permanent Sydney Harbour and city skyline views.
- Quiet, prestigious atmosphere with zero through-traffic.
- Direct ferry access provides a scenic and reliable CBD commute.
- Beautifully maintained public foreshore walks and harbor pools.
- Strong historical capital growth and investment security.
⚠️ Key Watch-Outs
- Severe lack of local shops; a car or bus trip is required for groceries.
- Extreme parking difficulty for visitors and multi-car households.
- High maintenance costs and strict heritage rules for older buildings.
- Topography is very hilly, which may challenge those with mobility issues.
- Limited stock availability makes finding the 'right' property difficult.
🏘️ Suburb Overview
Character, property mix, price range and what drives value here.
🏙️ Character
Prestige Peninsula
How this suburb feels day-to-day.
🏠 Property Types
Mostly high-end apartments and grand heritage houses
Dominant dwelling stock.
💰 Price Range
$1.2m (studio) to $25m+ (waterfront house)
Typical entry to ceiling.
💡 Why It Matters
Cremorne Point is a 'trophy' suburb. Its geography prevents overdevelopment, ensuring that supply remains fixed while global demand for harbor-front real estate continues to rise.
💰 Price Guide & Market Trends
Medians, rental market, 5-year history and property split.
🏠 House Median
$6,250,000
$4.5m – $25m+
🏢 Unit Median
$1,850,000
$1.2m – $6.5m
📈 Price Trend
+4.2% past 12 months
12-month movement
🔑 Weekly Rents
Houses $2,500pw, Units $950pw
Current asking rents
📉 5-Year Price History
🏘️ Property Type Split
The market is dominated by apartments, meaning house medians are often skewed by low volume. Unit prices are the most reliable indicator of local market health.
🎯 Affordability
How this suburb compares to metro and state medians.
🏙️ vs Metro Average
110% above Sydney unit median
Price comparison
📋 Income Ratio
14.5x average household income
Median price ÷ median income
💳 Gross Yield
2.8% gross yield
Estimated rental yield
More AffordableModeratePremium
Entry levelMid rangePremium
Affordability is very low. Most buyers are high-net-worth individuals or downsizers with significant existing equity.
🔥 Rental Demand
Vacancy rates, demand pressure, tenant profile, and investor outlook.
📊 Vacancy Rate
1.4%
Lower = tighter market
⏱️ Days to Lease
18 days
Avg time on market
📈 Rent Growth p.a.
+8.5%
Annual rental increase
Demand Level
High
👤 Tenant Profile
Corporate executives, professional couples, and affluent downsizers.
💼 Investor Outlook
Yields are low, but capital growth and tenant quality are exceptional. This is a 'land bank' style investment rather than a cash-flow play.
🚀 Growth Potential
Historical capital growth, infrastructure pipeline, and 5-year outlook.
+4.2%
1-Year Growth
+14.5%
3-Year Growth
+28%
5-Year Growth
📍 Growth Drivers
- Absolute scarcity of land on the peninsula.
- Ongoing demand for lifestyle properties with harbor views.
- Proximity to the CBD via ferry.
- High barriers to entry preventing new supply.
⛔ Headwinds
- High interest rates impacting the upper-middle market segment.
- Increased land tax and luxury property surcharges.
- High cost of heritage-compliant renovations.
🔮 5-Year Outlook
Steady capital appreciation is expected. As Sydney grows, the value of 'finite' harbor-front land typically outperforms the broader market.
🛡️ Crime & Safety
Safety index, trend comparison, and what to check locally.
9
Safety Score
Excellent
📉 Trend
Stable
vs last 12 months
🏙️ vs Metro Average
65% below Sydney average crime rate
Relative comparison
Risk Categories
Theft: Low
Property Damage: Low
Violent Crime: Very Low
📋 What to Check Locally
General opportunistic theft from unlocked cars is the only minor concern. Ensure high-value properties have standard security systems.
⚠️ Risk Profile
Natural hazards and planning risks to verify before buying.
📋 Summary
The primary risks are financial and regulatory rather than environmental, though coastal properties must consider long-term sea-level rise.
🌊 Flood Risk
Very low risk, limited to minor localized drainage issues during extreme storms.
🔥 Bushfire Risk
No significant risk; the area is fully urbanized with managed parklands.
🏦 Insurance Impact
Premiums can be high for heritage-listed homes or those with significant harbor frontage due to repair costs.
🗺️ Planning & Zoning
Development controls, overlays, and what's changing locally.
📐 Typical Zoning
R2 Low Density and R3 Medium Density
🔲 Overlays
Heritage Conservation Area, Foreshore Scenic Protection
🏗️ Development Hotspots
None; development is strictly limited to internal renovations or minor additions.
Strict planning ensures the suburb's character is never diluted, protecting long-term value.
🌳 Liveability
Day-to-day experience — transport, amenity, green space, schools and healthcare.
🚌 Transport
Excellent ferry access; bus service to Neutral Bay is frequent but slow in peak hour.
🛍️ Amenity & Retail
Low within the suburb; high in neighboring Neutral Bay (1.5km away).
🌲 Parks & Recreation
Outstanding; the entire peninsula is ringed by a public reserve.
🏫 Schools
Good access to elite private schools via ferry/bus; catchment school is high-performing.
🏥 Healthcare
Close to Royal North Shore Hospital and Mater Hospital.
👥 Demographics
Who lives here — income, age, ownership, and education levels.
An affluent, mature population consisting largely of professionals and retirees.
💵 Median Income
$145,000 pa (Individual)
🏠 Ownership
62% owner-occupied, 35% renting
🎂 Age Profile
Median age 46
🎓 Education
72% hold a Bachelor degree or higher
📊 Age Distribution
The high income and education levels contribute to a stable, low-crime, and highly engaged community.
🏗️ Major Developments
Infrastructure pipeline and what it means for values and liveability.
📋 Overview
No major commercial or high-density residential developments are planned due to heritage protections.
📈 Positive Impacts
- Preservation of suburb character.
- Maintenance of property scarcity.
- Upgrades to Cremorne Point Wharf facilities.
📉 Negative Impacts
- Lack of new modern housing stock.
- No improvement to local retail options.
🗺️ Nearby Suburb Comparison
How neighbouring suburbs stack up on price, lifestyle and who they suit.
📍Neutral Bay
Position
North
Price
Cheaper units, similar house prices
Lifestyle
Vibrant retail and dining hub
Best for
Younger professionals and families wanting convenience
📍Kurraba Point
Position
West
Price
Comparable
Lifestyle
Even more secluded and quiet
Best for
Privacy seekers
📍Mosman
Position
East
Price
More expensive houses
Lifestyle
Larger blocks, more shopping boutiques
Best for
Established families
📍Kirribilli
Position
West
Price
Higher unit prices
Lifestyle
More tourist traffic and train access
Best for
CBD commuters wanting walkability
🔍 Similar Suburbs
Suburbs with a comparable profile — useful if this one is over budget or sold up.
Kirribilli
NSW
9/10
Harbor-front peninsula with ferry links and high heritage value.
Point Piper
NSW
9/10
Exclusive peninsula with world-class views and limited supply.
New Farm
QLD
8/10
Riverfront lifestyle with high-end apartments and heritage character.
South Yarra
VIC
8/10
High-end apartment living near botanical gardens and water.
💬 Community Sentiment
Aggregated themes from resident discussions, forums and local feedback.
📊 Overall Community Sentiment
Residents are fiercely protective of the suburb's peace and heritage. There is a strong sense of community centered around the parklands and the ferry commute.
★★★★★
The Commute
The ferry ride is the best part of my day; it's a 10-minute decompression before getting home to total silence.
Transport
Peace
★★★★☆
Convenience
I love the views, but having to drive to Neutral Bay just for a liter of milk can be annoying.
Views
Retail
★★★★★
Community
The Lex and Ruby gardens are a treasure. We all look out for each other here.
Community
Nature
★★★★☆
Capital Growth
The yields aren't great, but the capital gains over the last decade have been phenomenal.
Growth
Yield
★★★★☆
Parking
Don't even bother inviting friends over on a sunny Sunday; they'll never find a park.
Parking
Lifestyle
★★★★★
Safety
It's so safe here I feel comfortable letting my kids walk to the ferry alone.
Safety
Family
💡 Tailored Advice
Personalised guidance for every role in this market.
🧑💼 Buyer Strategy
- Prioritize properties with a dedicated car space; it adds significant value here.
- Check the strata minutes for 'concrete cancer' or major plumbing issues in Art Deco blocks.
- Verify if the harbor view is 'protected' or if a neighbor's renovation could block it.
- Be prepared to act fast; well-priced units in this suburb sell within 14-21 days.
- Factor in the cost of a resident parking permit if the property has no garage.
- Attend an evening inspection to gauge the noise levels from harbor traffic/ferries.
❓ Questions to Ask the Agent
- Does this property have a dedicated car space on the title?
- Are there any planned major works or special levies for this building?
- Is the view protected by any heritage or height restrictions on neighboring lots?
- What is the current owner's reason for selling?
- How many resident parking permits is this address eligible for?
- Are there any heritage restrictions on internal renovations (e.g., removing walls)?
- What is the split between owner-occupiers and renters in this block?
- Has the building been checked for concrete cancer or rising damp recently?
🏷️ Seller Strategy
- Highlight the 'lifestyle' commute via ferry in all marketing materials.
- Professional photography of the harbor view is non-negotiable.
- Ensure all heritage features are meticulously presented.
- Consider an off-market campaign first to target high-intent local downsizers.
- Provide a clear strata report upfront to speed up the cooling-off period.
📣 Positioning Tips
Position the property as a 'rare opportunity' in a finite market. Emphasize the emotional appeal of the harbor lifestyle and the security of the investment.
💼 Investment Case
Best suited for long-term capital growth and high-quality tenant retention.
⚠️ Investment Risks
Low rental yields and high entry costs; potential for special levies in aging blocks.
📈 Action Plan
- Target 2-bedroom Art Deco units with harbor glimpses.
- Ensure the property is within a 5-minute walk of the ferry wharf.
- Budget for high-quality, durable interior finishes to attract executive tenants.
- Review the 10-year capital works fund of the strata scheme.
🔑 Renter Tips
- Register with local agents for 'silent' listings.
- Check mobile reception; some pockets of the point have weak signals.
- Test the walk to the ferry during the day to check the incline.
🏘️ What Renters Love Here
World-class views and a peaceful environment.
⚠️ Renter Watch-Outs
Lack of local shops and difficult visitor parking.
🏢 Landlord Strategy
- Include water usage in the rent if not individually metered.
- Maintain high-quality heating/cooling as older units can be damp or hot.
- Offer long-term leases to attract stable downsizer tenants.
📋 Compliance & Management
Ensure all heritage-listed features are maintained according to council guidelines to avoid fines.
🤝 Agent Insights
- The market is driven by 'lifestyle' rather than 'yield'.
- Downsizers from the Upper North Shore are a key buyer demographic.
- Parking is the number one objection from buyers.
🎯 Marketing Angles
The '10-minute commute to the CBD', 'Heritage Charm', and 'Permanent Harbour Views'.
👤 Target Buyer Profile
Affluent downsizers, corporate couples, and high-net-worth investors.
✅ Due Diligence Checklist
Tap items to tick them off. Don't skip these before signing anything.
✓
Review the North Sydney Council Heritage Map for the property.
✓
Order a comprehensive strata inspection report (for units).
✓
Verify the exact boundaries of the property and any foreshore easements.
✓
Check the ferry timetable and walk the route from the property to the wharf.
✓
Inspect the property during a high-traffic period (e.g., Saturday morning).
✓
Confirm the school catchment zone via the NSW Department of Education website.
✓
Check for any active Development Applications (DAs) in the immediate vicinity.
✓
Assess the condition of the building's external masonry and roof.
✓
Verify the functionality of any shared amenities (e.g., gardens, pools).
✓
Consult with a mortgage broker regarding lending criteria for heritage properties.
✓
Check the flood and bushfire risk maps on the NSW Planning Portal.
✓
Review the last 3 years of strata meeting minutes for any recurring issues.
📚 Government Sources & Disclaimer
Official council and government links only. Always verify independently before any property decision.
⚠️ Important Disclaimer
This report is for informational purposes only and does not constitute financial or legal advice. Data is based on 2026 projections and historical trends. Always perform independent due diligence.
