Property value increases in Crestmead have tracked just lower than the QLD average of 1.66% over the last 12 months.
If we look at median property appreciation over just the last three months, Crestmead has given property investors a paper return of -0.16%. This puts Suburb as 595 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Crestmead is offering property investors an average of -6.74. This rate of discount on properties puts Suburb at number 258th in terms of most discounted suburbs in QLD
Residents and property investors in Crestmead have been waiting around 91.4836 days to sell a property.
Crestmead is 176th on a list of best yielding suburbs for rents in QLD with a 5.68% return
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.