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Crestmead suburb profile

Crestmead is a growing suburb located in the Logan City area of Queensland, approximately 25km south of Brisbane's CBD. Known for its family-friendly atmosphere, Crestmead offers a range of amenities including parks, schools, and shopping centers, making it an attractive option for families and first-home buyers. The suburb features a mix of modern homes and established properties, providing diverse housing options. Crestmead's proximity to major transport routes, such as the Logan Motorway, ensures convenient access to Brisbane and the Gold Coast. Its community-focused environment and ongoing development make Crestmead a promising location for residents and investors alike.

Crestmead property market performance

Current median dwelling price$554,500Past 3 months

Crestmead's property market has shown robust growth over the past 12 months, with house values increasing by 13.4%, bringing the median house price to $749,000. The unit market remains largely inactive, with no significant sales or value changes reported. Over the past three months, 57 houses were sold, indicating strong demand, while units saw only one sale.

Houses in Crestmead are selling quickly, with a median of just 19 days on the market, reflecting high buyer interest. The unit market, however, lacks sufficient data to determine trends due to minimal activity.

The rental market in Crestmead has seen moderate growth, with house rents increasing by 5.2% over the last 12 months. Unit rents have surged by 12.4%, despite the limited unit market activity, suggesting a potential demand for rental units.

HousesUnits
Median price
Past 3 months
$749KN/A
Change in value
Past 12 months
13.4%N/A
Sold
Past 3 months
571
Median days on market
Past 12 months
19N/A
Average rent
Past 12 months
$550$500
Change in rent
Past 12 months
5.2%12.4%

5 year median price trend for houses and units

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Crestmead demographics

Crestmead, located in the Logan City area of Queensland, is a suburb that offers a youthful and family-oriented environment. With a median age of 29, it is home to a vibrant community of young families and professionals. The suburb's proximity to Brisbane and the Gold Coast makes it an attractive option for those seeking a balance between urban convenience and suburban tranquility. Crestmead's community is characterized by a significant proportion of couple families with children, accounting for nearly 45% of all families, which highlights its appeal to young families looking for a supportive and family-friendly environment.

Housing in Crestmead is diverse, with a mix of ownership and rental options. Approximately 46% of properties are rented, indicating a flexible housing market that caters to a variety of lifestyles, including those who prefer renting over buying. Meanwhile, 38.1% of properties are owned with a mortgage, reflecting a community of new homeowners and growing families. The suburb's median household income of $1468 per week suggests a community that is economically active, with many residents engaged in local employment opportunities.

Crestmead's demographic profile is further enriched by its multicultural community, contributing to a dynamic and inclusive atmosphere. The suburb's amenities, including parks, schools, and shopping centers, support a comfortable lifestyle for its residents. With its strategic location and community-focused environment, Crestmead continues to attract families and individuals seeking a balanced and fulfilling lifestyle in the heart of Logan City.

Crestmead infrastructure, key developments and investment opportunities

Crestmead is experiencing significant developments that may impact its property market. The $1 billion redevelopment of the Crestmead Industrial Estate, set to conclude in 2025, aims to modernize the area and attract new businesses, potentially boosting local employment opportunities and property values. Additionally, recent upgrades to Crestmead State School, including new facilities and its designation as an Independent Public School, enhance the suburb's appeal for families.

The suburb's proximity to major transport routes and ongoing infrastructure improvements, such as road upgrades and public transport enhancements, are likely to increase connectivity and potentially property desirability. While specific large-scale residential developments were not mentioned in the search results, the ongoing industrial and educational improvements, combined with Crestmead's affordable housing market compared to nearby suburbs, position it as an area of interest for potential property growth and investment in Logan City.

Crestmead rental market trends

The rental market in Crestmead has experienced moderate growth, with house rents increasing by 5.2% over the past year to $550 per week, while unit rents have seen a more significant rise of 12.4% to $500 per week. This growth reflects the suburb's appeal to both renters and investors, driven by its affordability and proximity to key amenities.

Suburbs near Crestmead

Some popular suburbs near Crestmead include:

How does Crestmead compare to nearby suburbs?

  • Median house prices: Crestmead’s median house price is 7.0% higher than Waterford West’s.
  • Median unit prices: Crestmead’s median unit price is 0.8% higher than Marsden’s.
  • House price growth: Over the past 12 months, house prices in Crestmead have grown 2.1% higher than in Marsden.
  • Selling speed for houses: Properties in Crestmead are selling 42.4% faster than in Marsden.
  • Investment considerations: In Crestmead, the rental yield for house is 18.5% lower than the Brisbane average, while the rental yield for units is 17.1% lower.
  • House price growth: Over the past 12 months, house prices in Crestmead have grown 33.6% lower than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Crestmead have grown 19.9% lower than the average rate of growth for units across Brisbane.

Common questions about Crestmead

  • Is Crestmead a nice place to live?

    Crestmead is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a charming place to call home. Known for its welcoming and family-friendly atmosphere, Crestmead is a fantastic choice for families looking for a supportive community environment. The suburb boasts a vibrant and youthful vibe, with a diverse mix of residents contributing to its dynamic and inclusive culture. With its lush parks and green spaces, Crestmead provides ample opportunities for outdoor activities and relaxation, perfect for families to enjoy quality time together.

    In terms of amenities, Crestmead is well-equipped with schools, shopping centers, and recreational facilities, ensuring that residents have everything they need within easy reach. The suburb's strategic location near major transport routes offers convenient access to both Brisbane and the Gold Coast, making it an ideal spot for those who commute for work or leisure. Safety is generally not a major concern, and the community-focused environment fosters a sense of security and belonging among residents.

    While Crestmead offers a peaceful lifestyle, it does come with some trade-offs. The suburb may not have the bustling nightlife or trendy cafes found in inner-city areas, but it compensates with a strong sense of community and a quieter, more relaxed pace of life. For families, Crestmead provides an excellent environment with good schools and plenty of space for children to play and grow. The ongoing developments in the area, including the Crestmead Industrial Estate and upgrades to local schools, promise to enhance the suburb's appeal and potentially boost property values in the future.

    Overall, Crestmead is a lovely place to live for those seeking a balanced lifestyle with a focus on family and community. Its proximity to major urban centers, combined with its peaceful suburban charm, makes it an attractive option for families and individuals looking to settle in a nurturing and promising environment.

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  • Is it expensive to live in Crestmead?

    Living in Crestmead can be considered relatively affordable compared to other suburbs in the broader Brisbane area. The median house price is currently $711,500, which is quite reasonable compared to more central suburbs. For those looking at units, the median price is even more budget-friendly at $360,000. Renting in Crestmead is also fairly accessible, with houses averaging $532 per week and units at $440 per week over the last year.

    When comparing the average annual wage in Crestmead, which is $77,000, to the median total household income of $1,468 per week, it appears that many residents might find the cost of living manageable. The median household income aligns well with the housing prices, suggesting that living in Crestmead is within reach for many working individuals and families.

    Overall, Crestmead offers a balance of affordability and accessibility, making it an attractive option for those considering a move to the area. With its reasonable property prices and rental rates, Crestmead provides a financially viable option for those looking to settle in a suburb that offers a good quality of life without the hefty price tag of more central locations.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Crestmead a good place to invest?

    Crestmead is showing promising signs as a solid investment suburb, with impressive growth in property values over the past year. The median house value has surged by 22.0%, indicating strong demand and potential for capital appreciation. This growth is complemented by a notable 11.3% increase in median unit values, suggesting that both houses and units are attracting interest from buyers and investors alike.

    In addition to property value growth, Crestmead has also seen a healthy rise in rental returns. House rents have increased by 6.5%, while unit rents have gone up by 4.8% over the last 12 months. This trend highlights the suburb's appeal to renters, which is a positive sign for investors seeking reliable rental income.

    Overall, Crestmead offers a compelling mix of strong capital growth and rental yield potential. Its recent performance suggests that it could be a worthwhile consideration for those looking to invest in a suburb with both short-term gains and long-term stability. With its upward trajectory in property values and rental demand, Crestmead stands out as a promising investment opportunity.

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Choose the right real estate agents in Crestmead

In Crestmead, 85 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 41.9% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.38% and 3.21%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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