Suburb Profile Report for Creswick VIC (3363)

Creswick House: Median price $287,500, Annual capital growth 4.96%, Number of sales 42, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report

At number 1750th in the list of Australian suburbs ordered by increase in median house value over the last year, Creswick, 3363 is in the top half with a property value increase of 7.28% recorded in median house prices.

Creswick,3363 has offered an average of 7.28% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Creswick itself are offering an average vendor discount of -4.06% to real estate investors.

With the median price for a house in Creswick being $287500 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.06%

Metrics i HOUSE UNIT
$287,500 N/A
-4.17% N/A
7.28% N/A
4.96% N/A
$280 N/A
42 N/A
5.06% N/A
66.5 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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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