Highfields Suburb Property Report - July 2024

Overview

Highfields, located in Queensland, is a thriving suburb known for its scenic landscapes and family-friendly atmosphere. The suburb has shown consistent growth in the property market, making it a prime location for both homeowners and investors.

Sales Statistics (Houses)

The sales data for houses in Highfields over the past few years reflects a steady increase in property values:

• 2006: Median price - $370,000
• 2024: Median price - $830,000

The most recent data from 2024 indicates a median house price of $830,000, representing a 5.1% increase from the previous year. The highest recorded sale price in 2024 was $2,350,000, while the lowest was $480,000.

Market Growth

Highfields has experienced significant growth over the past two decades:

• 2006-2024: The median house price increased from $370,000 to $830,000.
• Annual Growth Rate: The suburb has seen an average annual growth rate of around 9.6%.

The suburb’s growth is reflected in the number of sales and the increase in median prices over the years. The rolling 12-month data shows a rise in the median sale price from $757,500 to $830,000, highlighting the suburb's robust property market.

Rental Market

Highfields also boasts a healthy rental market:

• Median Weekly Rent (Houses): $650
• Rental Yield: 4.1%

The rental market remains strong with a median rent of $650 per week for houses. The yield of 4.1% indicates a solid return on investment for rental properties.

Recent Sales

Some notable recent sales in Highfields include:

• 69 Polzin Rd: Sold for $737,000 in July 2024
• 9 Alexander Ave: Sold for $760,000 in July 2024
• 10 Maylen Crt: Sold for $750,000 in June 2024
• 10 Smythe Dr: Sold for $729,000 in May 2024
• 9 Granada Dr: Sold for $680,000 in May 2024

These sales show a range of property values, demonstrating the diverse market within Highfields.

Properties for Rent

Recent rental properties include:

• 14 Delvue Crescent: Rented for $580 per week
• 71 Kratzke Road: Rented for $600 per week
• 12 Alves Terrace: Rented for $925 per week

With 102 recorded house rentals in the last 12 months, the rental market is active and provides various options for potential tenants.

Summary

Highfields continues to be a desirable location for both buyers and renters, with strong growth in property values and a robust rental market. The suburb's consistent increase in median prices and high demand for rentals highlight its appeal. For anyone considering investing or relocating to Highfields, the data suggests a positive outlook for the foreseeable future.

For more detailed information or to discuss potential investment opportunities, feel free to contact Tye Thies at Tomoro Real Estate.

Data sourced from the Suburb Flyover Report for Highfields, prepared by Tye Thies, Tomoro Real Estate, July 2024.