Property value increases in Crestmead have tracked just lower than the QLD average of 10.14% over the last 12 months.
A 9.52% growth in median value for property investors in Crestmead,4132 puts this suburb at number 604th in terms of best performing suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Crestmead is offering property investors an average of -5.00. This rate of discount on properties puts Suburb at number 586th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 17.75 sales per month, which equates to 213 per year.
Crestmead is 195th on a list of best yielding suburbs for rents in QLD with a 5.43% 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.