Seven Hills is a picturesque suburb located approximately 5 kilometers east of Brisbane's central business district. Its name originates from the distinctive seven hills within the area.
Historically, Seven Hills began as a residential suburb in the early 20th century, evolving from farmland and bushland. Over time, the suburb has experienced significant transformation, transitioning from an industrial area to a sought-after residential destination.
While not traditionally considered an "old money" suburb, Seven Hills has seen ongoing gentrification and improvement. House prices have shown consistent growth over the past decades, reflecting the suburb's increasing appeal to families and professionals.
Lifestyle
Seven Hills offers a relaxed lifestyle with numerous reserves and green spaces, including Seven Hills Reserve and Norman Creek, providing opportunities for outdoor activities such as walking, running, and cycling.
Residents also enjoy recreational boating and fishing along the nearby Brisbane River. While Seven Hills may not have a vibrant café culture, locals frequent nearby precincts for dining and socializing.
Community events and festivals, such as the Seven Hills State School Fete, foster a strong sense of community. Pets are popular in Seven Hills, with many residents utilizing the local parks and walking trails for their pets' exercise.
School Zones
Seven Hills is serviced by several public primary schools, including Seven Hills State School and Cannon Hill State School. Nearby Catholic primary schools include St. Oliver Plunkett Primary School and St. Martin's Catholic Primary School.
Secondary education options include Coorparoo Secondary College and Whites Hill State College. Exclusive independent private schools favored by affluent families include Anglican Church Grammar School (Churchie) and St. Thomas' School.
The closest school for students with special needs is Brisbane School of Distance Education.
Demographics
From 2006 to 2021, the median weekly household income in Seven Hills has shown steady growth, indicative of the suburb's increasing prosperity with one of this highest incomes in Queensland rising from $1,211 to $2,888.
Families constitute a significant portion of the population, with a diverse mix of cultural backgrounds, including Australian, English, and New Zealand communities.
The average income in Seven Hills compares favorably to the Australian average. Major ethnicities include Anglo-Australian, European, and Asian. The suburb's wealth has been increasing over time, driven by rising property values and economic development.
Employment
Data from the 2021 ABS census shows a high percentage of professionals and managerial employees in Seven Hills, reflecting its growing economic prosperity with close to 55% of the suburb being employed in those roles.
Major employers include healthcare facilities, educational institutions, and retail outlets. Many residents commute to neighboring suburbs such as Coorparoo and Carina for work.
Emerging employment trends include growth in technology and creative industries, providing diverse opportunities for residents.
Transport
Seven Hills is well-connected by public transport, with main bus routes servicing the area and nearby train stations offering convenient access to the CBD and surrounding suburbs.
Private transport is also popular, with easy access to major arterial roads such as the Gateway Motorway.
Bicycle paths provide additional transportation options for residents, connecting them to nearby suburbs and recreational areas.
Shopping Centre's, Restaurants & Facilities
Seven Hills has a moderate walk score, with some amenities within walking distance, including local shops, supermarkets, and cafes.
Residents may also visit nearby shopping centers such as Cannon Hill Shopping Plaza and Carindale Shopping Centre for major retail needs. Popular dining spots in the area include local cafes and restaurants serving a variety of cuisines.
Sporting facilities cater to a range of activities, including soccer, basketball, and tennis. Social clubs and community centers provide additional recreational opportunities for residents.
The nearby Seven Hills Reserve offers residents access to walking trails and natural bushland.
Development
Dwellings in Seven Hills consist primarily of detached houses, with some modern townhouse developments.
While knock-down rebuilds and renovations are common, strict planning regulations limit extensive redevelopment.
Subdivision opportunities are limited due to the established nature of the suburb, with most developments occurring in pockets close to amenities and transport options.
Capital Growth
Data from property sources indicates steady capital growth for houses and townhouses in Seven Hills, driven by its convenient location and family-friendly atmosphere averaging close to 9.7% for houses for the past 50 years.
Better pockets of the suburb, particularly those with river views and proximity to parks, have seen higher growth rates up to 12%.
Factors driving capital growth include its close proximity to the CBD, quality schooling options, and lifestyle amenities. Main buyers in the suburb include families, professionals, and first-home buyers attracted to its affordable housing options and community atmosphere.
Cash Flow
The average cash flow for houses in Seven Hills is favorable, with steady yields attracting investors to the area averaging 3-3.2% yields.
Townhouses and units also offer competitive yields at 4.7%, with growth in rental income over the past decades.
Common tenants of leased properties in the suburb include families, young professionals, and students seeking affordable accommodation close to amenities and transport options.
Rental Demand
Vacancy rates for houses in Seven Hills have remained low over the past decade, indicating strong rental demand in the area averaging 1.6% vacancy rates.
Townhouses and units also experience low vacancy rates, with increased demand for rental properties since the COVID-19 pandemic.
Driving forces behind rental demand include population growth, limited housing supply, and the suburb's convenient location. Rental stock levels have decreased due to heightened demand and limited new developments.
Why You Require a Buyers Agent in Seven Hills
Competition in Seven Hills is fierce, with its convenient location and affordable housing attracting buyers from various demographics.
Stock levels are constantly low due to limited new developments and strict planning regulations, making it essential to enlist the help of a buyer's agent to navigate the market effectively.
With its steady capital growth and family-friendly atmosphere, Seven Hills presents a unique opportunity for buyers seeking to invest in a thriving suburb close to the heart of Brisbane.
Having a buyers agent in your corner is crucial to your success in Seven Hills. Having the knowledge, strategy, access and negotiation ability will ensure you save thousands on the way in and make potentially millions in the future.
Why not seek Professional Advice from one of our Buyers Agents
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Email: admin@compoundinvest.com.au
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