Question 1

Is Hillcrest a nice place to live?

Accepted Answer

Hillcrest is a charming suburb that offers a delightful blend of tranquility and community spirit, making it a wonderful place to live. Nestled in the picturesque setting of Burnie, Hillcrest is known for its serene environment and friendly atmosphere. The suburb's proximity to the scenic coastline and lush greenery provides residents with a perfect balance between suburban living and nature, ideal for those who appreciate outdoor activities and peaceful surroundings.

Families will find Hillcrest particularly appealing due to its welcoming community and diverse housing options. The suburb caters to a range of family structures, making it an inclusive place for both young families and established residents. While Hillcrest may not boast the nightlife or bustling activity of larger cities, it compensates with a strong sense of community and a relaxed lifestyle. The local amenities, including shops and cafes, are easily accessible, and the suburb's connection to Burnie's broader infrastructure ensures that residents have everything they need within reach.

Safety is generally not a major concern in Hillcrest, contributing to its appeal as a family-friendly suburb. However, potential residents should be aware that the area does not currently have any major transport upgrades or large-scale commercial projects in the pipeline. This means that while Hillcrest offers a peaceful and stable living environment, those seeking rapid development or extensive new infrastructure might find the pace of change slower than in more urbanized areas. Nonetheless, for those looking for a serene and community-focused lifestyle, Hillcrest is a delightful choice.

Question 2

Is it expensive to live in Hillcrest?

Accepted Answer

Living in Hillcrest can be considered relatively affordable, especially when compared to other suburbs in Tasmania. The median total household income in Hillcrest is $1,142 per week, which is slightly below the Tasmania state average wage of $1,821 for full-time adults. This indicates that households in Hillcrest may have a tighter budget compared to the average Tasmanian household.

When it comes to housing, the current data shows no median house or unit prices, suggesting that the property market might be less competitive or less documented in this area. However, the average rent for houses over the last 12 months is $445 per week. This rental price is quite manageable for those earning the median household income in Hillcrest, as it would not consume an excessive portion of their earnings.

Overall, if you are thinking of living in Hillcrest, it offers a more affordable living option compared to many other Tasmanian suburbs. The cost of living, particularly in terms of rent, aligns well with the local income levels, making it a viable choice for individuals or families looking to balance their budget while enjoying the lifestyle that Hillcrest has to offer.

Question 3

Is Hillcrest a good place to invest?

Accepted Answer

Hillcrest is showing promising signs as a potential investment suburb, particularly for those interested in the housing market. Over the past year, the median house value in Hillcrest has increased by 13.6%, which is a strong indicator of demand and potential capital growth. This growth suggests that the suburb is becoming more desirable, possibly due to factors like lifestyle appeal or improvements in local amenities.

In addition to the rise in house values, rental prices for houses have also seen a significant increase of 16.2% over the last 12 months. This suggests a strong rental market, making it an attractive option for investors looking for reliable rental income. The steady rental demand could be driven by a growing population or a lack of available rental properties, which keeps prices competitive.

While the unit market in Hillcrest hasn't shown the same level of growth, with both median values and rents remaining stable, this could present an opportunity for investors who are willing to take a longer-term view. As the suburb continues to develop, there may be potential for future growth in the unit sector.

Overall, Hillcrest offers a compelling opportunity for investment, particularly in the housing market, with its strong capital growth and rental yield potential. It's a suburb worth considering for those looking to invest in a growing area with a promising future.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	15.3%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$440	N/A
Change in rent Past 12 months	11.4%	N/A

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