QLD Suburb Profile: South Melbourne

STATE SPOTLIGHT: QUEENSLAND

SUBURB REPORT: HIGHGATE HILL

Situated in a tightly held bend on the southern side of the Brisbane River, Highgate Hill is a high-density suburb with undulating hills and multiple apartment complexes. Proximity to and views of the Brisbane central business district have drawn residents, primarily young professionals and students, to the area. Many of Brisbane’s attractions are within walking distance, or accessible through well serviced public transport.

RESIDENTS

As of the most recent 2016 Census, Highgate Hill reported a total population of 6,194; an increase of 6.3% from the 2011 Census. The median age has moved slightly from 34 to 33 over this same period (QLD; 37 – AUS; 38), however the major age brackets remained the same, with the highest concentration of people existing between 20 and 34.

Highgate Hill is a high-demand location with detached homes making up 38.2% of all dwelling structures and apartments 55.7%.

CULTURE

While Highgate Hill holds a primarily residential vibe, it enjoys close proximity to multiple retail precincts. Boundary Street in West End and the Southbank promenade

are easily reached on foot, as too is the Brisbane CBD, an easy 2km stroll. The University of Queensland rests on the opposing side of the river, accessible via the Eleanor Schonell Bridge through Dutton Park.

Highly regarded for its stunning views, Highgate Hill is absolutely a suburb to be enjoyed on foot, though trains and bus routes make moving to-and-from an easy experience.

PRICE

Houses: With the number of varied house sizes and positions, the median house price in Highgate Hill has seen peaks and dips over the past 36-month period. As of March 2019, the sought-after residential neighbourhood holds a median house price of $970,000. The current weekly median advertised rent is $500.

Units: The median price of units is somewhat reflective of house prices, albeit with a more dramatic decrease (18%) over the past 36 months. As of March 2019, the median unit price sits at $507,500. The current weekly median advertised rent is $360.

SIGNIFICANT PROJECTS

Sierra Nuvo (18 Jones Street): Developer Skyring, with designs by Powe, are

currently in construction phase if their new Sierra Nuvo luxury residential project. Projected to reach completion at the end of 2019, this five- storey will offer a range of luxury 2, 3 and 4 bedroom apartments plus 4 premium penthouses.

The rooftop offers a sculptured living zone comprising of an infinity-edge pool, wading pool and spa, with city views that extend across the horizon towards Mt Coot-tha. There is also a sunken lounge, private retreat zones and gourmet cooking facilities all surrounded by a subtropical sky garden.

Sierra Nuvo.

Image Credit: Powe