Creswick is a smaller suburb in Victoria within the Hepburn local government area (postcode 3363). With a population of 3,279, the suburb has a mature demographic with a median age of 50. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Creswick is $515,000, having dipped slightly 1.9% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,300.
Creswick is served by 3 schools, including 3 primary. The average ICSEA score is 1005, which is around the national average of 1,000. Public transport access includes 3 rail stations, 36 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hepburn LGA is moderate at 4,750 incidents per 100,000 population.
From an investment perspective, Creswick offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($515K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved -1.9% year-on-year.
Creswick is a smaller suburb in Victoria within the Hepburn local government area (postcode 3363). With a population of 3,279, the suburb has a mature demographic with a median age of 50. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Creswick is $515,000, having dipped slightly 1.9% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,300.
Creswick is served by 3 schools, including 3 primary. The average ICSEA score is 1005, which is around the national average of 1,000. Public transport access includes 3 rail stations, 36 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hepburn LGA is moderate at 4,750 incidents per 100,000 population.
From an investment perspective, Creswick offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($515K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved -1.9% year-on-year.