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Highgate Hill

Real estate profile

Location

2 km south of the Brisbane CBD.

Features

Easy access to Brisbane CBD, close to West End café and restaurant precinct.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $562,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $350. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $345.

Profile

A popular inner-city suburb of Brisbane, Highgate Hill has experienced strong growth in median house prices during the past five years.

The suburb has easy access to the city via the William Jolly Bridge, the Southeast Freeway and the Goodwill pedestrian bridge and is in a commanding position with easy access to all major amenities and retail shopping.

Highgate Hill is definitely an investor’s dream as many students and professionals are attracted by its central position and quiet environment.

Due to its close proximity to the city, and like many similarly located suburbs in Brisbane, Highgate Hill has experienced a strong level of ‘gentrification’ of its streets and homes. Renovation activity has been a feature with many older Queenslander-style houses being brought back to mint condition.

The suburb also has many new houses and units; overall it has a good mix of dwelling types.

Being close to the West End café and restaurant precinct, and indeed South Bank and the CBD, Highgate Hill has become one of the most popular ‘lifestyle’ suburbs in Brisbane.

According to the 2006 Census there were 5,428 people living in the suburb with a median age of 35. The median individual income was between $544 per week. Of all occupied private dwellings 39.5% were either fully owned or being purchased; 49.3% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.

More Highgate Hill information

History

Learn about the Aboriginal history, urban development, notable residents and landmarks of the area.

Pocket Neighbourhood Guide

Your neighbourhood at a glance. Discover the secrets of the local area... as well as what makes it special.