Highgate Hill, nestled in the inner-south of Brisbane, Queensland, is renowned for its elevated position, panoramic views of the city skyline, and rich historical significance.
Historically, Highgate Hill was predominantly farmland before urban development transformed it into a desirable residential area.
An interesting fact about the suburb is that it is home to the historic Torbreck building, one of Brisbane's earliest high-rise apartment buildings, constructed in the 1950s.
Highgate Hill has experienced significant gentrification and improvement in recent years, attracting a mix of young professionals, families, and students. House prices in the suburb have steadily increased over the past decades, reflecting its growing popularity and desirability as an inner-city locale.
Lifestyle
Highgate Hill offers residents access to several reserves and green spaces, including Davies Park and Highgate Hill Park, providing opportunities for outdoor recreation, picnics, and leisurely walks.
The suburb's proximity to the Brisbane River and nearby parklands offers residents opportunities for cycling, running, and enjoying scenic views. Coffee and café culture thrive in Highgate Hill, with trendy cafes and eateries dotted along Boundary Street and Gladstone Road.
Residents also enjoy exploring local markets, art galleries, and attending community events and festivals hosted by the suburb. Pets are popular among Highgate Hill residents, with many enjoying the pet-friendly parks and walking trails.
School Zones
Public primary schools in Highgate Hill include West End State School and St Ita's Primary School, while St Joseph's Catholic Primary School serves the Catholic community.
Brisbane State High School and Somerville House cater to secondary education needs. Exclusive independent private schools popular among affluent families include Brisbane Boys' College and Brisbane Girls Grammar School.
The closest school for students with special needs is Fairholme College in neighboring South Brisbane.
Demographics
According to ABS census data, the median weekly household income in Highgate Hill has shown steady growth from 2006 to 2021, reflecting the suburb's increasing prosperity rising from $1,085 to $1,937.
Families constitute a significant percentage of the population, with a diverse mix of demographics including professionals, students, and retirees. Major cultural ethnicities in Highgate Hill include Anglo-Australian, European, and Asian communities.
The average income in Highgate Hill compares favorably to the Australian average.
Employment
A notable percentage of Highgate Hill residents are professionals and managerial employees, according to the 2021 ABS census and make up close to 54% of the suburb, one of QLD's highest numbers.
The suburb's main employers include industries such as education, healthcare, hospitality, and professional services.
While many residents work locally, others commute to nearby employment hubs such as Brisbane CBD, South Brisbane, and Woolloongabba.
Transport
Highgate Hill offers convenient access to public transportation, including main bus routes along Gladstone Road and Montague Road, connecting to Brisbane CBD and surrounding suburbs.
The suburb is serviced by South Bank train station, providing access to the Queensland Rail network. Bicycle paths and pedestrian-friendly streets encourage active transportation.
While public transport is popular, private transport options are also available, with major roads like Montague Road and Vulture Street providing easy access to Brisbane's arterial network.
Shopping Centre's, Restaurants & Facilities
Highgate Hill boasts a high walk score, with many amenities within walking distance. Local shopping options include West End Markets and nearby Boundary Street, offering a diverse range of boutique shops, supermarkets, and specialty stores.
Residents dine at popular cafes, restaurants, and eateries along Boundary Street and Vulture Street. Highgate Hill offers various recreational facilities, including sports clubs, fitness centers, and community centers.
Residents enjoy a wide range of lifestyle activities, including dining out, attending cultural events, and exploring nearby parklands and green spaces.
Development
Highgate Hill features a mix of housing options, including historic Queenslanders, modern apartments, and townhouses.
The suburb experiences ongoing development, with new residential projects and infrastructure upgrades enhancing its appeal.
While knock-down rebuilds and renovations are common, strict heritage regulations preserve the suburb's character and architectural heritage. Subdivision opportunities are limited due to Highgate Hill's established urban layout.
Capital Growth
Data from property sources like CoreLogic indicates that Highgate Hill has experienced solid capital growth for houses, townhouses, and units over the years. Houses average 9.2% capital growth with some better pockets averaging 12%. Townhouses and units average 6% & 4%.
Factors driving capital growth include the suburb's proximity to Brisbane CBD, desirable lifestyle amenities, and strong demand from buyers and investors.
Highgate Hill's elevated position and panoramic views contribute to its appeal among homebuyers and property investors.
Cash Flow
Highgate Hill offers attractive cash flow for houses, townhouses, and units, with steady rental yields appealing to investors. Houses yield close to 3.5%, with townhouses and units averaging close to 5% yield.
Over the past decade, cash flow has seen modest growth, reflecting the suburb's stable rental market. Common tenants in leased properties include young professionals, students, and urban dwellers drawn to Highgate Hill's vibrant lifestyle and convenient location.
Rental Demand
Highgate Hill experiences consistently low vacancy rates for houses, townhouses, and units over the past decade, indicating strong rental demand. Vacancy rates average 1.7% for houses and 2.2% for townhouses and units.
Since the COVID-19 pandemic, vacancy rates have remained stable, with Highgate Hill's desirable location and lifestyle attributes driving rental demand.
Factors such as proximity to employment hubs, public transportation, and recreational amenities contribute to the suburb's popularity among renters.
Rental stock levels have decreased due to increased demand and limited new construction.
Why You Require a Buyers Agent in Highgate Hill
Competition for properties in Highgate Hill is fierce due to its limited housing supply and high demand. Engaging a buyer's agent with local expertise can provide valuable insights and assistance in navigating the competitive market.
Stock levels are constantly low due to the suburb's popularity and limited new construction, making it challenging for buyers to find suitable properties.
A unique reason why Highgate Hill is a good place to buy is its elevated position, panoramic views, and vibrant community atmosphere, offering residents a desirable inner-city lifestyle.
Having a buyers agent in Highgate Hill is crucial to your success. Having someone with the access, negotiation strategy and experience will ensure you purchase the right property at the right price, saving hundreds of thousands on the way in and making millions for years to come.
Why not seek Professional Advice from one of our consultants
We are unbiased market investors, who will put you first.
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We will give the time to understand every clients situation & needs.
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Email: admin@compoundinvest.com.au
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