Type Townhouse
Location Hillcrest
Price $475K - $498K (SOLD)
Settlement Mid of 2022
Introduction
Strategic Location
Hillcrest is located approximately 22 minutes to Brisbane CBD and less than 1 hour to the Gold Coast. Residents of Hillcrest have quick and easy access to the Mountain Lindsay Highway, Gateway Motorway, Ipswich Motorway and a number of major arterial routes. The established residential suburb is close to a multitude of major shopping centres, schools, transport hubs and parks. In the adjoining suburb of Browns Plains, the Grand Plaza Shopping Centre is the largest in the local area with 120 retailers including Aldi, Coles, Woolworths, Bunnings, Cinemas, Harvey Norman and many more. There are six childcare /early learning centres, six primary schools, and three secondary schools within a 5km radius of Hillcrest.
Major Infrastructure Investment
The City of Logan’s strategic location and its desirability as a place in which to live has led to an unprecedented level of infrastructure investment in the region, with more than $18 billion of publicly funded projects underway. In particular, the upcoming Crestmead Logistics Estate in Logan City Council, a $1.5 billion industrial estate, is set to become QLD’s largest industrial project - delivering a further 6,000 new jobs to the area, and subsequently Hillcrest.
Private Community
The Project has been designed to offer the best of indoor and outdoor living. With large expansive spaces in private courtyards, this is the tranquil retreat you have been waiting for. The lush landscaping affords residents the utmost privacy with the feeling of being connected to other residents, nature and the broader community.
Each of the 24 three bedroom freehold townhomes maximizes the feeling of space and greenery. Enjoy the benefits of community living without the hassle of body corporate fees.
Affordable
A combination of affordable property prices, a solid pipeline of development and infrastructure, and proximity to job hubs is making Hillcrest an ideal choice in which to live and invest.
Pictures
Infrastructure
Brisbane CBD - 22km
Bus stop - 290m
St Bernardine's Catholic Primary School - 1.7km
Regents Park State School - 3.4km
Browns Plains State School - 4.9km
Grand Plaza Family Medial Centre - 1.5km
Browns Plains Family Practice - 2.6km
Logan Hospital - 15km
Sweetgum Park - 700m
Middle Park - 3.8km
Highland Park- 3.7km
Grand Plaza - 1.5km
Village Square Town Centre - 2.6km
Recommended Floor Plans
Investment Prospective
The past few years have seen a surge of sales activity in Hillcrest, as older acreage properties in the suburb are redeveloped into more traditional urban dwellings. Median house prices in Hillcrest have increased by 6.0% last year, making it one of the best-performing suburbs in the area. Similarily, strong demand has seen the median sale price of vacant land in Hillcrest increase by 8% over the last 12 months.
Hillcrest is currently, on average achieving a 6% gross rental yield, compared to greater Brisbane at 4.6%, Sydney at 2.9% and Melbourne at 3.2%.
The vacancy rate for permanent rental accommodation in the suburb is currently just 1.1% (a vacancy rate under 3% suggests a significant shortfall of suitable rental product available).