Creswick

POSTAL CODE: VIC, 3363
HOUSE

Based on its average 5-year and quarterly capital gains CRESWICK, 3363 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that CRESWICK, 3363 obtained a 8.19% growth over a ten-year period. It ranks 1074th on our list of suburbs that property investors should look into.

CRESWICK, 3363 in VIC belongs to the local government area of Hepburn.

CRESWICK, 3363 has a capital gain of 8.74% for the past year, which is higher than average compared to its 43.22% growth within a five-year period.

With the median home price in CRESWICK sitting at $560,000, and the average rent at $410, property owners could potentially earn a 3.81% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CRESWICK are low, as opposed to average gains per annum over the past five years.

Surburb overview

Creswick is a regional township in central Victoria, located within the Hepburn Shire.

The town lies approximately 18 kilometres north of Ballarat and about 120 kilometres north-west of Melbourne by road and rail.

It is positioned along the Midland Highway and serviced by the Ballarat rail line, supporting connectivity to Ballarat and Melbourne.

At the 2021 Census, Creswick recorded a population of around 3,400, reflecting steady growth linked to its proximity to Ballarat and its appeal as a regional centre.

The demographic profile includes families, retirees and professionals, with a relatively high rate of owner-occupation and a median age broadly in line with regional Victoria.

Housing comprises heritage cottages, established family homes and newer residential developments on the town’s outskirts.

Creswick developed during the 19th-century gold rush and retains several historic buildings and civic structures.

The town is also associated with forestry and education, including the University of Melbourne’s Creswick campus, which focuses on environmental and land management studies.

Surrounding state forest areas contribute to local employment and recreation.

Retail and community facilities include supermarkets, cafes, medical clinics and primary and secondary schools.

Major health services and additional education providers are accessed in nearby Ballarat, including Ballarat Base Hospital.

Creswick railway station provides regular V/Line train services to Ballarat and Melbourne’s Southern Cross Station.

Local bus services connect the township to surrounding communities.

Recreational amenities include the Creswick Botanic Gardens, walking tracks through Creswick State Forest and access to regional sporting clubs and community events.

You’re out of free articles for this month
Loading form...