In Q4 2018, Creswick recorded a median house price of $390,000 and a median vacant land price of $70,000. This represents annual (Q4 2017 – Q4 2018) price growth of 18.2% and -44.0% respectively. It should be noted that just 3 land sales occurred in Q4 2018, which has caused a significant shift in median price. This is thus not viewed as an accurate portrayal of the current value of land in Creswick. Compared to the Creswick 2nd Half 2018 Property Factsheet, which showed annual (Q2 2017 – Q2 2018) growth of 4.6% (house) and -7.1% (land), houses in Creswick have strengthened in value, whilst land has become more affordable.
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