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Cressy

POSTAL CODE: TAS, 7302
HOUSE

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 $495,000.

The upward trend in home prices in CRESSY, 7302 averaged 5.77% per annum over a 3-year period.

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

An average of 1.42 real estate transactions take place per month in CRESSY which translates to 17 per annum.

17 properties were sold in CRESSY in 2016, making it the 127th most active market in TAS based on total real estate transactions.

CRESSY, 7302 places 49th in Australia based on median property value growth during the quarter.

Surburb overview

Cressy, with the postcode 7302, is a small town located approximately 35 kilometres south of Launceston in Tasmania. Known for its agricultural heritage and serene rural environment, Cressy is often referred to as the "Gateway to Trout Fishing" due to its proximity to some of Tasmania’s best fishing waters. The population of Cressy is around 1,000 residents, primarily consisting of families, farmers, and retirees who enjoy the quiet and community-focused lifestyle.

Cressy falls under the jurisdiction of the Northern Midlands Council, which ensures well-maintained infrastructure and community services. Public transportation options are limited, with private transport being the primary mode of travel for residents. The town is accessible by road via the Midlands Highway and Cressy Road, facilitating travel to Launceston and other nearby towns.

Educational facilities in Cressy include Cressy District High School, which serves students from kindergarten to Year 12, providing comprehensive educational opportunities for families in the area. For further education, residents can access institutions in Launceston, including various public and private schools and the University of Tasmania.

Shopping and essential services in Cressy are primarily centred around local shops that cater to the needs of the community. For more extensive shopping and services, residents often travel to Launceston, which offers a wider range of retail stores, supermarkets, and dining options.

Cressy is renowned for its recreational activities, particularly those centred around fishing. The town is close to Brumby’s Creek, the Macquarie River, and numerous lakes and streams, making it a popular destination for anglers seeking trout. The annual Tasmanian Trout Expo held in Cressy attracts fishing enthusiasts from across the region.

In addition to fishing, residents and visitors can enjoy outdoor activities such as hiking, cycling, and picnicking in the picturesque countryside. The town's rural setting offers scenic views and a tranquil environment ideal for nature lovers. The nearby Longford and Poatina areas provide further opportunities for exploration and outdoor recreation.

Community events and activities are a regular feature in Cressy, fostering a strong sense of community engagement and social connection. Local markets, agricultural shows, and sports events provide opportunities for residents to come together and enjoy the town’s vibrant community spirit.

Residents of Cressy benefit from its peaceful rural lifestyle while having access to the amenities and attractions of Launceston. The town's agricultural roots and natural beauty make it a unique and appealing place to live for those who appreciate a close-knit community and outdoor activities.

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