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Cressy
AREA REPORTS

Cressy

Cressy - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7302

house

CRESSY, 7302 ranks 670th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 34.78% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $387,500.

The upward trend in home prices in CRESSY, 7302 averaged 24.85% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in CRESSY.

An average of 1.17 real estate transactions take place per month in CRESSY which translates to 14 per annum.

14 properties were sold in CRESSY in 2016, making it the 151st most active market in TAS based on total real estate transactions.

CRESSY, 7302 places 65th in Australia based on median property value growth during the quarter.

Data report can be found below

Cressy
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $387,500 N/A
GROWTH REPORT
Median Quarterly 7.64% N/A
Median 12 month 34.78% N/A
Median 3 years 74.55% N/A
Median 5 years 76.14% N/A
10 years average annual 13.13% N/A
Weekly media advert. rent N/A N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
1668
Weekly Household Income
1040
Household Size
2.50
Age
40
Monthly Loan Repayment
1109
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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