Suburb Profile Report for Creswick VIC (3363)

Creswick House: Median price $268,750, Annual capital growth 3.78%, Number of sales 52, Weekly median advertised rent $263

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Creswick, 3363 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.09%

Comparing Creswick,3363 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Creswick, 3363. Typically our figures indicate that -4.98% is being offered, which puts this VIC suburb at 2572th most discounted overall in Australia.

Often selling an investment property can take time, and in Creswick the average time real estate has been on the market is 82.73 days.

A $262.5 per week rent on the median house gives suburb investors a gross yield of circa 5.08%, without taking into account capital value appreciation, which has been averaging out at 3.78%.

HOUSE UNIT
$268,750 N/A
-0.19% N/A
0.09% N/A
3.78% N/A
$263 N/A
52 N/A
5.08% N/A
82.73 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
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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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