Fraud Blocker

Creswick, VIC 3363

Home » VIC Real Estate Data » Hepburn Shire, VIC » Creswick, VIC 3363

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Creswick, VIC 3363 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Creswick, VIC 3363”

  1. The total adult population (15 years or older) of Creswick 3363 VIC is 2,775, with a median age of 50. Of those, 46.41% are married, 15.96% are divorced or separated, 29.73% are single and 7.82% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,224. The median monthly mortgage repayment for households in this suburb is $1,300 which is 20.89% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Creswick, 3363 is positioned in the state of Victoria and is estimated to contain approximately 1923 households. As we move into the third quarter of 2023, typical prices for houses in Creswick are hovering around $552,619, with the median weekly rent standing at $380. This gives an indicative yield of 3.58%, exceeding the baseline of 3% as a minimum requirement typically attracting cashflow-focused property investors.

    In addition to the yield, Creswick’s socio-economic status, with an IRSAD score of 933 out of 1,217, indicates a solid socio-economic standing in this area, further highlighting its potential appeal to property buyers and investors.

    The renter to owner ratio in Creswick is a low 18%, well below the 30% threshold usually deemed favourable in reducing competition among investors and contributing to the stability of the property market. Additionally, with a units to houses ratio of only 3%, Creswick stands as a predominantly house-oriented market. This scenario typically reduces competition among landlords for tenants and suggests longer tenancy periods as suburbs with fewer units and more houses generally attract more families.

    However, it’s important to note that the affordability index in Creswick is 35 years, a figure exceeding the favourable 30-year full ownership assumption. This suggests that affordability could be a potential challenge in this market.

    On a brighter note, the market supply characteristics present a favourable landscape in Creswick. The stock on market percentage is a low 0.22%, indicating limited supply and potentially higher competition among buyers. The inventory level stands at a lean 0.86 months, suggesting that this market absorbs new listing relatively quickly.

    Building approval ratio comes in at 0.0%, reflecting a restricted supply of new residential building stock into the market.

    Turning our attention to demand metrics, the days on market average for houses here is around 49 days, pointing to stable demand for properties. With a vacancy rate of 1.71%, there is a solid rental demand underscoring the sustainability of rental investment in Creswick since this value lies significantly below 3.5%. Lastly, the buy search index is 5, indicating that the interest in buying property here is just at the state/city average.

    While Creswick’s property market presents some unfavourable metrics like the affordability index, other metrics like yield, renter to owner ratio, stock on market percentage, and vacancy rate remain favourable. Hence, an investor might still consider this market viable depending upon their particular investment strategy, available capital, and timeframe. This illustrates the importance of comprehensive data understanding and keeping an eye on market trends when making real estate investment decisions. For added insight, the RCS metric developed by HtAG Analytics might also be an invaluable tool, consolidating these factors using more than 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment