This property is Off Market
With an average age of 45, households expect an average monthly mortgage payment of $1,447 or a weekly rent payment of $290. The average family earns a weekly income of $1,569 with a typical household size of 2.3 and a 97.09% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Creswick due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Creswick provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Creswick necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Creswick the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
(Country of Birth not stated 5%)
Creswick - Clunes a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
37 / 100
52 / 100
Industry
05 / 100
17 / 100
Population
24 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
28 / 100
34 / 100
Incidents Trend State Average
Newlyn Primary School
Newlyn, VIC, 3364 State Prep-6
Invermay Primary School
Invermay, VIC, 3352 State Prep-6
Miners Rest Primary School
Miners Rest, VIC, 3352 State Prep-6
Glen Park Primary School
Glen Park, VIC, 3352 State Prep-6
Mount Rowan Secondary College
Wendouree, VIC, 3355 State 7-12
Mount Blowhard Primary School
Blowhard, VIC, 3352 State Prep-6
St Augustine's School
Creswick, VIC, 3363 Independent Prep-6
Creswick Primary School
Creswick, VIC, 3363 State Prep-6
St Mary's School
Clarkes Hill, VIC, 3352 Independent Prep-6
Creswick North Primary School
Creswick, VIC, 3363 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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