Crestmead, 4132 ranked 404th in QLD when comparing growth in median property values or capital gain over the last 12 months. Crestmead is one of 2415 in our list for QLD
If we look at median property appreciation over just the last three months, Crestmead has given property investors a paper return of -0.07%. This puts Suburb as 571 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Crestmead should be aiming for at least -4.99% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Crestmead the average time real estate has been on the market is 47.87 days.
Using the current median advertised rental of $355 and the average annual increase in value of a median property of 1.34%, investors should hope to achieve an overall return of 5.43%
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