Property investors who have had real estate in Crestmead, 4132 should be ok 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 4.69%
Crestmead,4132 was ranked 1644 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.74% offered to property buyers. Sellers in Crestmead itself are offering an average vendor discount of -4.21% to real estate investors.
Residents and property investors in Crestmead have been waiting around 55.07 days to sell a property.
Advertised rents are around the $350 mark per week – giving a return of 5.43% based on the median price in Suburb
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