Richmond vs Cremorne.
Comparing two suburbs with median house prices of $1,435,000 and $1,187,500. Cremorne edges out on more headline metrics in this comparison.
Cremorne (median $1,187,500) is roughly 21% cheaper to buy into than Richmond ($1,435,000).
On school quality, the average ICSEA across schools serving Cremorne (1112) sits above Richmond (1091).
For buyers
Cremorne is the lower entry point at $1,187,500 median, 21% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Richmond offers the higher gross rental yield (3.59% vs 1.97%), favouring cash-flow investors.
For families
Cremorne edges out on average school ICSEA (1112 vs 1091).
Common questions
Is Richmond or Cremorne cheaper to buy in?
Cremorne has the lower median house price at $1,187,500, roughly 21% below Richmond ($1,435,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Richmond or Cremorne have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Cremorne scores 1112 vs 1091 in Richmond. 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.
Which suburb has higher rental yield, Richmond or Cremorne?
Gross rental yield on houses is 3.59% in Richmond vs 1.97% in Cremorne. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Richmond against another suburb