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
Crestmead's property market has experienced significant growth over the past 12 months, with house values increasing by 22% and unit values rising by 11.3%. The median house price has reached $711,500, while the median unit price stands at $360,000, indicating strong demand in the area.
Sales activity has been robust, with 42 houses and 3 units sold in the past 12 months. Houses are selling rapidly, with a median of just 10 days on the market, compared to 26 days for units, suggesting a higher demand for houses.
The rental market in Crestmead has also seen positive changes, with average rent for houses increasing by 6.5% and units by 4.8% over the last 12 months, reflecting a healthy rental demand in the suburb.
Median price - houses$710KPast 3 months
Median price - units$360KPast 3 months
Change in value - houses21.8%12 months
Change in value - units11.3%12 months
Houses sold33Past 3 months
Units sold4Past 3 months
Median DOM - houses10.5Past 12 months
Median DOM - units88.5Past 12 months
Average rent - houses$538Past 12 months
Average rent - units$470Past 12 months
Change in rent - houses7.5%Past 12 months
Change in rent - units13.3%Past 12 months
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 6.5% over the past year to $532 per week, while unit rents have risen 4.8% to $440 per week. With its affordable rental options and ongoing development, Crestmead continues to attract both renters and investors seeking value in a growing suburban area.
Suburbs near Crestmead
Some popular suburbs near Crestmead include: