LLT Accountants Serving Cremorne Point

If you need tax, accounting or audit services, LLT Accountants is a wise choice. That’s because we serve Cremorne Point’s residents and we have the in-depth technical knowledge and experience to deliver services to professional standards. Our services include tax planning/advice, accounting/bookkeeping services, financial statement preparation, budgeting, GST advice & BAS preparation and business advisory, among others. We serve individuals, businesses, companies, SMSF (self-managed super funds) and trusts. Speak with our CPA (certified practising accountant) or CA (chartered accountant) partner to find out more. Contact us today for a free consultation.

Cremorne Point History

Cremorne inherited its name from Cremorne gardens in England. In the 1800s, a merchant by the name of James Milson Junior owned significant land holdings in the lower North Shore areas. Milson’s sales of the land for the construction of residential blocks proved to be particularly lucrative. However, the courts prevented him from selling building blocks running right to the water’s edge which is why Cremorne, a suburb located about 6 kilometres north of Sydney CBD, is today one of the few Sydney Harbour peninsulas that has a municipal waterfront park running along its shoreline.

Demographics

Cremorne Point has a population of about 1,978. Although about 61% of residents are Australian-born, it has a fair share of cultural mix with people coming from UK, Scotland, New Zealand and USA. Cremorne Point is home to a wealthier class of people with average individual weekly income amounting to $1,331 and household earnings amounting to $2,530. This is due mainly to the high number of people holding professional and managerial jobs.

Transport

As a harbour side suburb, Cremorne Point’s residents find ferry a convenient way to travel from Cremorne wharf to Circular Quay that avoids the morning CBD road traffic. To the East is the Old Cremorne Wharf which runs ferry services to South Mosman wharf. With easy road access to the Warringah Freeway which leads to the Cahill Expressway and the city, many residents travel by car. Buses are also popular for getting around to the city and surrounding suburbs.

Centres of Commerce

A mix of small shops selling various items sprawl all around Cremorne Point. Although, the suburb has no shopping complex or major retailer, residents has easy access to Theo’s market at Military Road where there are 2 levels of shops with a variety of dining options and retail outlets including bottle shop, DVD rental shop and beauty salons. The surrounding area feature a multitude of retail stores, cafes and restaurants, petrol stations and other conveniences. Due to its proximity, many people also prefer to do their shopping in the city.

Housing Profile

About 80% of dwellings in Cremorne Point are flats, units and apartments, 14% are detached houses and 5% are semi-detached and terrace houses.

                                                                                   Houses                              Units
                          Median house price                      N.A.                                     $970,000
                          Median weekly rent                       N.A.                                     $700
                          Rental yield                                     N.A.                                     3.8%