Image by Kerry Raymond, CC BY 3.0, via Wikimedia Commons
Are you looking to buy a new home in Crestmead? With a rising population and affordable properties, this hidden gem won’t stay hidden for long! But there are a few things to consider before you buy.
No matter where you choose to buy, you’ll want to make sure the property isn’t hiding any nasty surprises. To do this, book a pre-purchase property inspection with a building and pest inspector with local knowledge and experience.
Why buy in Crestmead?
Crestmead is an underrated little suburb in the city of Logan with affordable homes and quiet, friendly neighbourhoods. Located just 16 kilometres from Logan’s city centre, it offers an economical alternative to nearby Browns Plains or Marsden.
Crestmead is known for its multicultural community and its excellent playgrounds, dog parks and walking tracks. Berrinba Wetlands is a 5-minute drive away and is home to pelicans and a host of other beautiful native wildlife. Crestmead also has its own community centre which offers dancing and other activities for the local community, as well as health clinics.
Popular with young families, Crestmead has two schools, Crestmead State School, and St Francis College. St Francis is a Catholic primary and secondary school for boys and girls. The nearest state secondary school is in Marsden.
One of the main draws for people looking to buy in Crestmead is the industrial estate west of the suburb which houses the IGA distribution centre and the Dairy Farmers Milk Factory. These provide many local jobs to residents in the area.
Looking to invest?
Crestmead offers property investors plenty of opportunity to expand their real estate portfolio. The current median property price in Crestmead is $580,000, with an annual capital growth of 10.48%. Rental yields for houses are currently at 4.93%, with an average median rent of $500 per week for a 2-bedroom house. Houses have seen 4.5% growth in the past quarter, and 10.48% over the past year.
