Cremorne at a glance
Median house
$1,187,500
Median unit
$670,000
Walk score
100
Walker's paradise
Prices: Median · Land Victoria · the latest published quarter (updated May 2026)
Houses change hands at $1,187,500 on a typical sale, above the Victoria median. Units come in around $670,000, roughly 44% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $238,000. Prices sit above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
House prices in Cremorne.
Median house price
$1,187,500
Median unit price $670,000.
Median · Land Victoria · the latest published quarter (updated May 2026)
Rental and ownership
Weekly rent (house)
–
Weekly rent (unit)
–
Owner occupied
–
Renter occupied
–
At a deeper level
$1,187,500
$670,000
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The brief
What to know about Cremorne.
Cremorne's median house price is $1,187,500 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)).
Postcode 3121 (VIC), City of Yarra, part of Greater Melbourne.
Cremorne (3121) sits in the Yarra region of Victoria. The median house here is $1,187,500, above the Victoria median of around $850K.
Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
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Nearby suburbs
Day to day
What it’s like to live here.
Cremorne scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 6 government primary, 6 government secondary, 2 Catholic, 6 independent.
Who lives here
Demographics.
Population
–
Median age
–
Family households
–
Lone person
–
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Investment overview.
Gross Yield (House)
Source: Land Victoria / DTP · May 2026–
Based on $1,187,500 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 2026–
Based on $670,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
331
total offences in 2026
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2026· State Police Open Data
Getting around
Walkability.
100
70
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Cremorne.
Local schools for Cremorne
View the catchment for each school to find out more.
Government School Catchment
Richmond Primary School
Centre for Higher Education Studies
Melbourne High School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Cremorne.
- What is the median house price in Cremorne?
- The median house price in Cremorne, VIC 3121 is $1,187,500 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $670,000.
- How much is my house worth in Cremorne?
- A useful starting point is the Cremorne median house price of $1,187,500 (units $670,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the Cremorne postcode?
- Cremorne is in the 3121 postcode, in VIC, in the City of Yarra region.
- Where is Cremorne?
- Cremorne is a suburb of Melbourne, in VIC 3121. It is part of the Greater Melbourne area, in the City of Yarra region.
- What schools are in Cremorne?
- There are 20 schools serving Cremorne on this page, including Richmond Primary School, Melbourne Girls Grammar, Centre for Higher Education Studies.
- How walkable is Cremorne?
- Cremorne has a Walk Score of 100 out of 100, very walkable. transit score 70, bike score 100.
- What suburbs are near Cremorne?
- Cremorne is close to Richmond East, Richmond, Richmond South, South Yarra, Melbourne.
Cremorne
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Surrounding Suburbs
Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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