Hillcrest

POSTAL CODE: QLD, 4118
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HILLCREST, 4118 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling HILLCREST, 4118 values up and netting property investors a capital gain of 11.08% for the past year.

Investors saw the median home price rise to $822,000.

Profits due to an upward trend in home prices in the suburb averaged 11.51% per annum over a 3-year period.

HILLCREST now ranks at the 584th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in HILLCREST are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $600 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HILLCREST, homes and units usually stay on listing for an average of 29 days.

In 2016, 117 properties were sold in HILLCREST during the past year, making it the 930th most active market in QLD based on total real estate transactions.

Surburb overview

Hillcrest, located approximately 25.9 kilometres south of Brisbane's Central Business District (CBD), is a suburb within the City of Logan, Queensland. 

According to the 2021 census, Hillcrest has 6,268 residents. The suburb's median age is 33, indicating a relatively young community. Households in Hillcrest are primarily couples with children, and the average household size is 2.7 people. 

Public transportation in Hillcrest includes bus services, with 4% of residents using buses for their commute. However, a significant majority, 82.5%, rely on private vehicles. The suburb lacks direct access to train services, which may influence commuting choices.

Essential establishments are accessible in and around Hillcrest. The suburb is near the Grand Plaza Shopping Centre in Browns Plains, offering supermarkets, retail stores, dining options, and medical services. This accessibility caters to the daily needs of Hillcrest residents.

Hillcrest's parks and open spaces support recreational activities. The suburb has 14 parks, covering nearly 12.6% of its area. These green spaces provide residents with outdoor activities such as walking, picnicking, and sports, contributing to its appeal to families and individuals seeking an active lifestyle.

Regarding property, Hillcrest has a median house price of $725,000, with an annual capital growth of 19.64%. Rental yields for houses are approximately 4.10%, with a median rent of $570 per week. The suburb's real estate market is characterised by separate houses, with an average of 3.3 bedrooms per dwelling. This data indicates a stable property market that appeals to investors and homebuyers.

Hillcrest offers a suburban environment with a strong community focus, characterised by its family-oriented demographics and abundant green spaces. However, the limited public transport options may necessitate reliance on private vehicles for commuting and accessing essential services in neighbouring suburbs. Prospective residents should consider these factors when evaluating Hillcrest's suitability as a place to live. 

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