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!

Description

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

Highgate Hill Map

Demographics

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.

Transport

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.

Schools

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 $985,000 which is well above Brisbane’s median.

The median house price in Highgate Hill would typically buy a 3 bedroom, 2 bathroom house on a 400m2 block.

For example: 17 Hove Street Highgate Hill – sold for $1,002,000 in December 2018 (click to view listing)

Buying a home in Highgate Hill

The median unit price in Highgate Hill is: $507,500

This amount would typically buy a renovated 2 bedroom, 1 bathroom apartment.

For example this unit in the iconic Torbreck complex: 2F/182 Dornoch Terrace Highgate Hill – sold for $495,000 in January 2019 (click to view listing)

Buying an investment property in Highgate Hill

How has the Highgate Hill property market been performing?

In the last 5 years the median house price has increased by 22.3%. Over the last 10 years, house prices have increased by 2.7% per annum.

Units in Highgate Hill have fallen in price by 9.3% in the last five years. Over the last 10 years unit prices have increased by 1.2% per annum.

Supply and demand characteristics for Highgate Hill

  • Average Days on Market: Houses 58 days.  Units:  106 days.
  • On average houses are selling 3% above their list price. Units typically sell 2% below their list price.
  • Highgate Hill’s auction clearance rates are 57% for houses, and 100% for units.
  • The average rental yield for houses is 2.77%, compared to 4.21% for units.
  • The rental vacancy rate for houses and units is 5.3%.

**Statistics are accurate for June 2019

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.

For information about other Brisbane suburbs click here.