Crestmead is in the bottom 20% in QLD when comparing median price capital growth over the last year. Crestmead gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.28%.
When looking at the potential capital gains offered to property investors over the last 3 years, Crestmead comes in at number 596th in QLD.
Crestmead4132 is located in QLD which offers an average discount of -7.03% to property investors. Crestmead itself is showing figures that indicate -6.98% is the average achievable by property buyers investing in the suburb.
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.