Creswick, a charming town nestled in the Hepburn Shire in Victoria, offers a distinctive blend of historical allure and modern conveniences. The housing market here reflects its rich heritage and natural beauty, with a mix of historical homes, quaint cottages, and newer developments catering to various tastes and budgets. Prospective homebuyers and investors may find Creswick appealing due to its relatively affordable property prices compared to larger urban centers, along with a steady demand from those seeking a more relaxed and scenic lifestyle. The town's proximity to Ballarat and greater Melbourne makes it an attractive option for commuters and families alike, driving a sustained interest in the housing market.
Living in Creswick is defined by a strong sense of community and an abundance of natural beauty. The township is enveloped by lush parks and forests, making it ideal for outdoor enthusiasts who enjoy hiking, cycling, and picnicking. Creswick's vibrant local culture, marked by community events and markets, fosters a welcoming and tight-knit atmosphere. Despite its small-town charm, residents enjoy essential amenities, including schools, healthcare, and shopping facilities. The presence of historical sites, like the Creswick Woollen Mills and the Museum of Australian Democracy, adds to the cultural richness of the area. Overall, Creswick offers a tranquil yet connected lifestyle, making it a desirable place for those looking to escape the hustle and bustle of city life while remaining connected to urban conveniences.
Median Weekly Rent | $254.88 |
Median Monthly Mortgage | $1247.00 |
Median Persons Per bed houseroom | 0.68 |
Average Household Size | 2.00 |
Average Age | 52.63 |
Average Income | $593.25 |
Average Cars Per Dwelling | 1.75 |
Average Properties Within 50M | 8 |
Typical 1 bed house | $489,000 |
Typical 2 bed house | $442,000 |
Typical 3 bed house | $701,000 |
Typical 4 bed house | $782,000 |
Typical 5 bed house | $892,000 |
Typical 6 bed+ house | $841,000 |
Housing Stock
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Thinking about buying in Creswick? Now could not be a better time, with 2287 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $583,000 with prices in this suburb ranging from $49,000 to $8,132,000. The aproximate distance to the coast is 78 Km.
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.
Instant Property ValuationSt Augustine's School
Creswick North Primary School
Creswick Primary School
(While the above schools are located with the suburb of Creswick there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 11.8 | 27.4 | 29.5 | 91.9 | 5.8 | 25.9 |
Feb | 1.4 | 12.2 | 26.1 | 35.5 | 93.9 | 5.8 | 21.7 |
Mar | 1.1 | 10.6 | 23.4 | 38.1 | 95.2 | 5.5 | 16.8 |
Apr | 1.5 | 7.8 | 18.6 | 49.5 | 96.9 | 4.8 | 12.3 |
May | 1.8 | 5.4 | 14.1 | 63.5 | 97.9 | 5.0 | 8.7 |
Jun | 1.9 | 3.6 | 11.2 | 74.0 | 99.0 | 4.9 | 7.2 |
Jul | 2.1 | 3.4 | 10.5 | 74.3 | 98.9 | 5.7 | 7.5 |
Aug | 1.9 | 3.3 | 11.6 | 65.1 | 98.4 | 5.6 | 10.4 |
Sept | 2.2 | 4.6 | 14.3 | 58.1 | 97.1 | 5.6 | 14.4 |
Oct | 1.6 | 6.5 | 18.1 | 49.6 | 96.4 | 5.4 | 19.8 |
Nov | 1.6 | 8.3 | 20.8 | 44.7 | 96.5 | 5.3 | 22.6 |
Dec | 1.3 | 10.3 | 24.6 | 33.7 | 93.8 | 5.6 | 25.5 |
source: Australian Government Bureau of Meteorology
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