At number 1943th in the list of Australian suburbs ordered by increase in median house value over the last year, Crestmead, 4132 is in the top half with a property value increase of 5.26% recorded in median house prices.
A 24.09% growth in median value for property investors in Crestmead,4132 puts this suburb at number 478th in terms of best performing suburbs in QLD
The most recent median price for Crestmead is $340000, with sellers offering an average of -4.12% off the asking price.
Often selling an investment property can take time, and in Crestmead the average time real estate has been on the market is 47.85 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.35%, without taking into account capital value appreciation, which has been averaging out at 1.56%.
The large suburb of Crestmead saw housing stock drop in the 12 months leading up to August 2017. This could serve to heighten demand, boosting house pricesFull summary
Information supplied by:
Housing supply goes down
Median house price: $323,000
Stock on market: -29.6%
12-month growth: 1.2%
The large suburb of Crestmead saw housing stock drop in the 12 months leading up to August 2017. This could serve to heighten demand, boosting house prices.
The median value sits at a very low $323,000, with growth hovering around just 1%. Given the relatively short distance to the Brisbane CBD, Crestmead has remained in high demand. Moreover, it is an industrial centre in itself, being the site of the Crestmead Industrial Estate.
The suburb is also home to Crestmead Community Centre, which also contains health clinics and sets many community activities. Crestmead State School and St Francis College offer primary and secondary education. In addition, St Francis College has opened Numbellie Karulboo Community Centre, located on its grounds, for public use to educate residents about indigenous culture.Close