Crestmead

POSTAL CODE: QLD, 4132
HOUSE

CRESTMEAD, 4132 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 CRESTMEAD, 4132 values up and netting property investors a capital gain of 13.55% for the past year.

Investors saw the median home price rise to $775,000.

Profits due to an upward trend in home prices in the suburb averaged 16.35% per annum over a 3-year period.

CRESTMEAD now ranks at the 347th 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 CRESTMEAD 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 $570 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 CRESTMEAD, homes and units usually stay on listing for an average of 18.3 days.

In 2016, 210 properties were sold in CRESTMEAD during the past year, making it the 577th most active market in QLD based on total real estate transactions.

Surburb overview

Crestmead is a suburb in Logan, Queensland, Australia. It is approximately 30.4 kilometres southeast of Brisbane's central business district. 

According to the 2021 census, Crestmead had 12,271 residents. The median age of residents is 28, 10 years below the national median. Households in Crestmead are primarily couples with children, and 64.2% of the population was born in Australia. 

Swedish immigrants established farms in 1885, cultivating crops such as oats, maise, potatoes, and turnips. The district was unofficially known as Hubner after the Hubner family, early settlers in the 1890s. The area was officially named Crestmead in 1987 after a local housing estate. 

Crestmead hosts two schools. Crestmead State School is a government primary school (Prep–6) located at 27–61 Augusta Street. In 2018, it had 1,275 students and included a special education program. St Francis' College is a Catholic primary and secondary school (Prep–12) located at 64 Julie Street. In 2018, it had 1,023 students. 

The Crestmead Industrial Estate, located on the western side of the suburb, offers lot sizes from 1,800 square meters to 2.6 hectares. It is suitable for light to medium industries, and businesses can operate 24 hours a day. 

The Crestmead Community Centre, accessible from Gimlet Street, comprises a hall, meeting rooms, and kitchen facilities. It hosts various activities, including dancing and health clinics. The Numbellie Karulboo Community Centre on St Francis' College grounds offers programs such as Indigenous dance groups and children's playgroups. 

The property market in Crestmead has grown, and the median house price is currently $499,000. Households will likely pay $1,400 - $1,799 monthly in mortgage payments. In general, people in Crestmead work as labourers. 

Residents describe Crestmead as a quiet suburb with a family-friendly atmosphere. The area offers parks and recreational facilities, which contribute to its appeal to families and individuals seeking a suburban lifestyle. 

Crestmead combines residential comfort with industrial opportunities, contributing to its appeal as a suburb of Logan. 

 

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