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Creswick North, VIC 3363

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$905,000

Median Unit

$255,000

Gross Yield (houses)

2.8%

1yr Growth

-

Investment snapshot for Creswick North

Creswick North has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Creswick North market and investor summary

In Creswick North, VIC 3363, the median house sells for around $905K, on a gross rental yield of 2.8% for houses. At 0.7% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market.

Living in Creswick North: people, income and schools

About 55 people live in Creswick North, a number that has held fairly steady over five years. At a median age of 51, it reads as an older, established demographic, and families account for 67% of households.

The typical household income runs to around $61,000 a year (about $1,180 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 14.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.

There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
55
+0% over 5yr
Median age
51 years
Median household income
$61,000/yr
Households renting
19%
Family households
67%
Socio-economic rank
4/10
ABS advantage index
Schools within 5km
1
avg ICSEA 1014
Unemployment
3.5%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Creswick North

No properties currently listed in Creswick North

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Frequently asked questions about Creswick North

What should I check before investing in Creswick North?

Creswick North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 7.4%, before expenses, tax and loan costs. Tight rental market (0.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Creswick North?

The median property price in Creswick North, VIC 3363 is $905K for houses and $255K for units.

What rental yield does Creswick North show?

The gross rental yield in Creswick North is 2.8% for houses and 7.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

How tight is the rental market in Creswick North?

The current vacancy rate in Creswick North is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Creswick North?

Creswick North has a population of approximately 55 residents, with a median age of 51.

What schools are near Creswick North?

There are 1 school within roughly 5km of Creswick North. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Creswick North affordable to buy in?

A median house in Creswick North costs about 14.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Creswick North's population growing?

The population of Creswick North has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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