Highgate Hill Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Highgate Hill? As a Highgate Hill Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Highgate Hill property purchase!
Highgate Hill is a trendy, inner-city suburb located 2km south of the Brisbane CBD. The suburb is home to Brisbane’s first ever apartment tower (Torbreck) which was built in 1962. Highgate Hill is bordered by the suburbs of West End, South Brisbane, Woolloongabba and Dutton Park
The population of Highgate Hill in 2016 was around 6,225 and continues to grow. 43% of households in Highgate Hill are owner-occupied and consistent predominantly of young professional couples (aged 20-29).
Shops, restaurants and entertainment
The main shopping and café precinct is located in Boundary Street in the neighbouring West End. Brisbane’s Southbank precinct is a 15 minute walk away.
Highgate Hill is a highly walkable suburb. There are also several bus routes running along Dornoch Terrace and Gladstone Road. South Bank train station is only a 10-15 minute walk away.
There are a number of great private and public schools in surrounding suburbs including the sought after Brisbane State High School, St Ita Primary School, St Lawrence College, Somerville House, West End State School and Dutton Park State School,
Parks and Green spaces
Highgate Hill Park and Paradise Park are two very popular green areas in the suburb. Paradise Park is located in a quiet residential area and close to the Brisbane River. The park is home to a popular playground and a community garden.
Highgate Hill Park, at the top of Dornoch Terrace is a fantastic picnic spot with city views and summer breezes.
Most and least desirable areas
Traffic noise can be an issue for properties close to major thoroughfares including Gladstone Road, Dornoch Terrace and Gloucester Street. Buyers should check the Brisbane City Council Flood Maps, as certain low-lying areas close to the Brisbane River, are susceptible to flooding.
Housing type and typical block size
Less than half (40.5%) of properties in Highgate Hill are free standing houses.
The suburb is particularly well known for its high-rise unit complexes. There are also a number of heritage listed homes, for example the impressive “Tarong” in Blakeney Street. A typical block size is approximately 400m2.
What can my money buy in Highgate Hill?
The median house price in Highgate Hill is $1,390,000 which is well above Brisbane’s median.
The median house price in Highgate Hill would typically buy a 4-bedroom, 1-bathroom house on a 405m2 block. For example: 36 Laura Street, Highgate Hill, Qld 4101 – sold $1,390,000 in 21 Jun 2021 (click to view listing and see images below).
The median unit price in Highgate Hill is: $552,500.
This amount would typically buy a 2-bedroom, 2-bathroom, 1-garage unit in an older style complex but in a very good condition. For example: 3/96 Dornoch Terrace, Highgate Hill, Qld 4101 – $540,000 in 5 Nov 2021 (click to view listing and see images below)
How has the Highgate Hill property market been performing?
In the last 5 years the median house price has increased by 36.2%. Over the last 10 years, house prices have increased by 5.9% per annum.
Units in Highgate Hill have seen more modest price growth. In the last 5 years the median price of units has increased by 5%. On average, over the last 10 years unit prices have increased by 2.5% per annum.
Supply and demand characteristics for Highgate Hill
- Average Days on Market: Houses 33 days. Units: 87 days.
- On average houses are selling 7% above their list price. Units typically sell 5% above their list price.
- Highgate Hill’s auction clearance rates are 80% for houses.
- The average rental yield for houses is 2.25%, compared to 3.35% for units.
- There is a shortage of houses and units currently listed for sale (2.27%and 1.34% respectively).
- The rental vacancy rate for houses is 3%, compared to units 0.6%.
**Statistics are accurate for December 2021
Check out Highgate Hill’s Community Facebook page for some additional information on the suburb.
Thinking about buying a property in Highgate Hill? Our Highgate Hill Buyer’s Agent is more than happy to have a chat. Please contact us.
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