Suburb Profile Report for Creswick VIC (3363)

Creswick House: Median price $271,500, Annual capital growth 4.12%, Number of sales 44, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 8.06% which means that Creswick, 3363 has done well for property investors by showing a capital gain of 3.72% over the last year

The five-year average increase in median property values for Creswick,3363 has given property investors a potential capital gain of 21.86% across each of those five years.

Vendor discounting in Creswick is giving property investors an average Vendor Discount of around -4.79%. This puts suburb at number 407th in VIC when ranking the most discounted suburbs.

At number 1015 in a list of fastest selling suburbs, Creswick is in the TOP 30% of suburbs in Australia with an average of days on market 63.5 for properties listed there.

With the median price for a house in Creswick being $271500 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.36%

HOUSE UNIT
$271,500 N/A
0.56% N/A
3.72% N/A
4.12% N/A
$280 N/A
44 N/A
5.36% N/A
63.5 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 2941
Median household income ($/weekly) 860
Median age of persons 43
Median housing loan repayment ($/monthly) 1203
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 363 12.3
    35-44 years 366 12.4
    45-54 years 402 13.7
    55-64 years 411 14.0
    65-74 years 335 11.4
    Others 1065 36.2
    Age Group
    Census Count Percent(%)
    Registered Married 1008 47.5
    Not Married 897 42.3
    Defacto Relationship 215 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2505 88.4
    New Zealand 55 1.9
    Papua New Guinea 19 0.7
    United Kingdom 134 4.7
    Other 32 1.1
    Others 89 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.8
    Christianity 1794 66.6
    Hinduism 6 0.2
    Other Religious Groups 16 0.6
    No Religion 849 31.5
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 137 12.9
    $400-$599 142 13.4
    $600-$799 128 12.1
    $800-$999 120 11.3
    $1,000-$1,249 103 9.7
    Others 431 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1050 45.6
    Employed, worked full-time 683 29.7
    Employed, worked part-time 415 18.0
    Employed, away from work 81 3.5
    Unemployed, looking for work 74 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 198 16.8
    Technicians & trades workers 248 21.0
    Community & personal service workers 123 10.4
    Clerical & administrative workers 155 13.1
    Labourers 142 12.0
    Others 313 26.5
    Occupation
    Census Count Percent(%)
    Pre-school 57 9.0
    Infants/Primary 242 38.2
    Secondary 161 25.4
    Technical or Further Educational Institution 62 9.8
    University or other Tertiary Institutions 85 13.4
    Others 26 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2543 94.3
    Flat, unit or apartment 93 3.4
    Semi-detached, row or terrace house, townhouse 25 0.9
    Caravan, cabin, houseboat 18 0.7
    House or flat attached to a shop, office 17 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 453 39.9
    Being purchased 411 36.2
    Rented 254 22.4
    Other tenure type 16 1.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals