Property investors who have had real estate in Hillcrest, 4118 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.66%
If we look at median property appreciation over just the last three months, Hillcrest has given property investors a paper return of 2.50%. This puts Suburb as 194 on a list of fastest fasting appreciating suburbs in QLD
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Hillcrest itself are offering an average vendor discount of -4.79% to real estate investors.
At number 608 in a list of fastest selling suburbs, Hillcrest is in the TOP 20% of suburbs in Australia with an average of days on market 51.73 for properties listed there.
A $362.5 per week rent on the median house gives suburb investors a gross yield of circa 5.11%, without taking into account capital value appreciation, which has been averaging out at 4.39%.
QLD has seen average median house prices change by 0.77% which means that Hillcrest, 4118 has done well for property investors by showing a capital gain of -0.43% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Hillcrest comes in at number 278th in QLD.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Hillcrest itself are offering an average vendor discount of -3.91% to real estate investors.
Often selling an investment property can take time, and in Hillcrest the average time real estate has been on the market is 74.56 days.