All About Hillcrest, Pyrenees, VIC, 3351

Hillcrest Real Estate Market Outlook

Thinking about buying in Hillcrest? Now could not be a better time, with just 51 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $555,000 with prices in this suburb ranging from $326,000 to $1,531,000. The aproximate distance to the coast is 81 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Hillcrest due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Hillcrest provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Hillcrest requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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