Suburb Profile Report for Creswick VIC (3363)

Creswick House: Median price $340,000, Annual capital growth 5.49%, Number of sales 37, Weekly median advertised rent $330

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

If you compare the increase in value of investment property in Creswick, 3363 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.59%.

If we look at median property appreciation over just the last three months, Creswick has given property investors a paper return of 1.18%. This puts Suburb as 187 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Creswick should be aiming for at least -4.31% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Creswick have been waiting around 66.5357 days to sell a property.

Metrics i HOUSE UNIT
$340,000 N/A
1.18% N/A
7.59% N/A
5.49% N/A
$330 N/A
37 N/A
5.05% N/A
66.5357142857143 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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
Chart Table