Melbourne vs Cremorne

Melbourne (median $440,000) is roughly 63% cheaper to buy into than Cremorne ($1,187,500).

Buying in Melbourne or Cremorne?

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Melbourne and Cremorne side by side

MeasureMelbourneCremorne
Price and market
Median house$440,000$1,187,500
Median unit$567,500$670,000
Renting
Owner occupied26.0%–
Renter occupied71.0%–
Schools
Schools nearby2020
Average ICSEA11071112
Lifestyle and people
Walk score100100
Transit score070
Bike score100100
Population54,941–
Median age29–
Climate
Annual rainfall625 mm625 mm
Mean max, January26.6°C26.6°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

On school quality, the average ICSEA across schools serving Cremorne (1112) sits above Melbourne (1107).

For buyers
Melbourne is the lower entry point at $440,000 median, 63% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Rental or growth data is incomplete for one or both suburbs. Look at the full investor view on each suburb profile for a complete picture.
For families
Cremorne edges out on average school ICSEA (1112 vs 1107).

Melbourne vs Cremorne: common questions

Is Melbourne or Cremorne cheaper to buy in?

Melbourne has the lower median house price at $440,000, roughly 63% below Cremorne ($1,187,500). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Melbourne or Cremorne have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Cremorne scores 1112 vs 1107 in Melbourne. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.