Creswick (postcode 3363) is a smaller suburb in Victoria within the Hepburn local government area. It is home to about 3,279 residents, with a settled, mature resident base and a median age of 50. Households earn a median income of $59K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Creswick stand at $580,000, having surged by 12.6% over the last twelve months. The current median weekly rent is $473. This gives a gross rental yield of approximately 4.2%. 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.
Looking at the investment signals, Gross rental yield sits at around 4.2% (moderate yield). Property prices sit below the state median ($580K/$875K), which can point to relative value. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +12.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.