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Hillcrest

POSTAL CODE: TAS, 7320
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 23.94% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $440,000

The augmented property values in the suburb are trailing above the territorial average of 4.47% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $425.

Home owners selling their properties and realtors in HILLCREST usually have to wait an average of 66.7 days days before their assets are lifted off the market.

The TAS suburb ranks 20th on the list of best yielding suburbs for rental properties in TAS, posting a 5.02% return.

It also places places 75th in Australia based on median property value growth during the quarter.

Surburb overview

Hillcrest, with the postcode 7320, is a suburb located approximately two kilometres south of Burnie’s central business district in Tasmania. Known for its residential character and convenient proximity to urban amenities, Hillcrest offers a comfortable lifestyle with easy access to both natural and city attractions. The population of Hillcrest is around 1,200 residents, comprising families, professionals, and retirees who appreciate the suburb’s community-oriented environment and accessibility.

Hillcrest falls under the jurisdiction of the City of Burnie, which ensures well-maintained infrastructure and community services. Public transportation is available, with Metro Tasmania buses providing regular services to Burnie’s CBD and surrounding areas, making commuting convenient for residents. The suburb is also easily accessible by car, with major roads connecting it to other parts of Burnie and beyond.

Educational facilities in Hillcrest include the nearby Hillcrest Primary School, catering to the educational needs of young children in the community. For secondary education, students typically attend Burnie High School or Hellyer College, both located within a short distance. Additionally, further educational opportunities are available at the TasTAFE Burnie Campus and the Cradle Coast campus of the University of Tasmania.

For shopping and essential services, Hillcrest residents often visit the nearby Burnie CBD, which offers a variety of retail stores, supermarkets, cafes, and dining options. The Burnie Shopping Centre provides additional convenience with a range of local shops and essential services. These centres ensure residents have easy access to everyday needs and more extensive shopping experiences.

Hillcrest offers several recreational activities, with parks and green spaces enhancing the suburb’s appeal. The nearby Burnie Park and Emu Valley Rhododendron Garden provide opportunities for outdoor activities such as walking, picnicking, and enjoying the natural beauty of the area. The Romaine Reserve also offers additional walking trails and scenic spots for nature lovers.

The suburb’s location allows for easy access to Burnie’s beautiful beaches, such as West Beach and South Beach, which are perfect for swimming, sunbathing, and coastal walks. The Burnie Waterfront is another popular destination, featuring cafes, restaurants, and scenic views of the Bass Strait.

Residents of Hillcrest benefit from its proximity to Burnie’s cultural and recreational attractions, including the Burnie Regional Art Gallery, the Burnie Arts and Function Centre, and the Makers’ Workshop. These venues offer a range of cultural experiences, from art exhibitions to live performances and community events, contributing to the vibrant community life.

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