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1. Highgate Hill
Queensland
Market Overview

2. Highgate Hill Market Overview

3. Highgate Hill Market Overview

4. Highgate Hill Market Overview
contents
market overview............................................................ 1
market overview - commercial ....................................... 2
market overview - residential.......................................... 3
highgate hill overview .................................................... 4
proximity to amenities.................................................... 5
demographics .............................................................. 8
demand analysis........................................................... 9
market research.......................................................... 10
Savills (QLD) Pty Ltd
Level 2, Central Plaza II
66 Eagle St,
Brisbane QLD 4000
+61 (0) 7 3221 8355
salesqld@savills.com.au

5. Highgate Hill Market Overview
© Copyright Savills 1
market overview
Queensland
 Queensland has a population of 4.691 million*
 The state’s population is estimated to double to around 9.1* million people by 2056
 Queensland’s economy has consistently been one of Australia’s fastest growing during the past two decades, averaging
4.5* per cent GDP growth per year, a full percentage point higher than Australia as a whole (3.5* per cent)
 Queensland has a modern, diversified economy, underpinned by its major economic pillars of agriculture, resources,
construction and tourism, augmented by manufacturing and a large services sector
 Queensland is expected to overtake Victoria and become the second biggest contributor to national output by 2023
 The completion of a number resource projects, and the commencement of LNG production will contribute a substantial
quantum of royalties to the Queensland economy, providing further support to an increasingly strong state fiscal position
and underpinning future economic growth
Source: Queensland Treasury, www.tiq.qld.gov.au and Brisbane Marketing
(*) Approximately
Brisbane | Australia’s New World City
Brisbane is Australia’s third largest city and more importantly Australia’s closest major capital city to Asia. Being the state
capital of Queensland, Brisbane is a vibrant, buoyant and exciting city that is fast becoming known as “Australia’s new world
city”.
Some key economic highlights include:
 Australia is one of the most resilient economies
with 26 years of consecutive economic expansion
 Australia is the 12th largest economy in the world
with average economic growth of 3.1% over the
last 10 years
 Brisbane is one of Australia’s fastest growing
cities with average population growth of 2.2%
annually
 Current population in Brisbane of 2.4 million
people forecast to grow to 3 million by 2031
 Brisbane is a diverse and multicultural city with a
quarter of the population born overseas
 Greater Brisbane’s economy has rapidly
expanded to be worth $146 billion
 Brisbane is one of the fastest growing regions in
Australia, averaging 3.02% GDP growth between
2007 and 2016.
Source: Brisbane Marketing

6. Highgate Hill Market Overview
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market overview - commercial
Near City Office Accommodation
There are a number of advantages that the Near City office market offers over the CBD office market including:
 Lower rents: the near city market enjoys office rents that are currently 17%* - 36%* lower than the CBD. Car park rental
rates are currently 56%* lower in the near city market compared to the CBD market
 Better car parking: the average car parks to NLA ratio for the near city office market is 1:50sq m* - 150sq m. This compares
with 1:100sq m* for the CBD
 Quality Office Space: Newer, higher quality office accommodation in the near city office market including 11-15 Breakfast
Creek Road, Newstead (expected completion 2019), K5, Bowen Hills (expected completion in 2018), Southpoint, South
Brisbane (completed in 2016) and Le Bain, Newstead (expected completion in 2019).
Major Tenant Interest in the Brisbane Near City Office Market
Brisbane’s near city office market has experienced a significant upswing in demand in recent years with the presence of a
number of high quality, major tenants already present in the fringe or moving to the fringe from the CBD. Key examples of these
tenants include Bank of Queensland, Virgin Australia, Fujitsu, Lend Lease, Flight Centre and Tatts Group. This move is primarily
a result of superior office accommodation in the near city markets at lower rents and increased efficiency (i.e. larger floor plate
sizes compared with the CBD).
This was highlighted with the Brisbane near city office market experiencing positive absorption. Based upon the latest figures
from the Property Council, the Near City Office Market reordered 15,462 square metres positive net absorption during the 12
months to December 2016. The near city positive absorption was primarily a result of the large take up by Bank of Queensland
and Flight Centre however, also indicates the increasing demand for the near city market.
Capital Markets: Increasing Offshore Investors Particularly in the Near City Market
International investors now own 21% of the Net Lettable Area in the Brisbane office market. A number of these groups have
made their initial purchase within the Brisbane CBD or near city markets. Key offshore investors with recent transactions
include; Mapletree, Hines and Union Investments.
Source: Savills Research
Decreasing Cash Rate: Expected to improve business confidence
The low cash rate (now 1.50% - lowest cash rate in Australian history) is expected to boost the Australian economy and in
turn, the commercial office market.
(*) Approximately

7. Highgate Hill Market Overview
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market overview - residential
Key Facts and Highlights
There are a number of advantages that the Near City office market offers over the CBD office market including:
Brisbane apartments are currently the most affordable in the country
Sydney apartments are currently the least affordable in the country
15,000 apartments expected to be built over the next 4 years
11,000* apartments are currently under construction
24,000 residents expected to move to inner Brisbane over the same period
Actual population growth has historically been higher than forecast
However, approvals of projects have continued to decline due to the declining demand for residential apartments in the
inner-city and near city apartment market.
Unit values increased by a small growth rate of 0.2% over the past 12 months while housing values increased by 4% over
the past 12 months.
Source: ABS, Urbis, CoreLogic
Brisbane Residential Apartment Market Summary
The demand for resident apartments in Brisbane is expected to remain muted in the short term due to the current market
conditions and the decreasing limit of lending by banks for apartment investing. Other factors effecting the Brisbane
apartment market include:
Decrease in approvals over the past 12 months
Rental rates for 1-bedroom apartments increased 4.4% over the first six months of 2017
Source: ABS, CoreLogic, Savills Research
0
1000
2000
3000
4000
5000
6000
7000
2015 2016 2017 2018
Number
Period (Year)
Expected settlments Estimated New Residents Required

8. Highgate Hill Market Overview
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highgate hill overview
Highgate Hill overlooks the Brisbane River, only 2km southeast of the Central Business District. The area is popular for its
proximity to not only the city, but also South Bank and the trendy area of West End.
The first homes in the area were built on Bellevue Street in the 1860s, with the suburb name being coined in 1864. The
extension of the electric tram route to Highgate Hill in 1902 resulted in the suburb expanding; a trend which continued during
wartime period and into the 1960s. Highgate Hill is now a combination of historic homes and high density residential area with
a current population of 6194 people.
A large percentage of those living in Highgate Hill are attending an educational institution (37.7%). The suburb falls within the
public school catchment zone for Dutton Park State School for Prep to Year 6, and Brisbane State High School for Year 7 to
12. There are a variety of private schools in close proximity, including St. Ita’s Primary School (Dutton Park) and Sommerville
House. The Queensland Government also announced plans for opening new schools in the area to accommodate the increase
in school aged students living in the area. Options for tertiary education are also close by, with the University of Queensland
and QUT only a short distance on foot or via public transport. The general level of education within the suburb is also high,
with 42.2% of residents over the age of 15 having obtained a Bachelor level degree or higher.
South Bank and Dutton Park are the nearest train stations servicing the Highgate Hill area. Public buses are also available,
allowing residents to access the city and surrounds. The ferry at West End is useful for access to Saint Lucia (UQ). Whilst many
people in the area choose to drive to work, parking in the area is somewhat difficult.
There are a number of parks within the suburb,
each with varying facilities. Lyons Playground Park
(Paradise Park) on Paradise Street features
barbeques, a community garden, a half-sized
basketball court, playground equipment, and
unisex/disabled toilets. Views of the city can be
taken in at Highgate Hill Park (off Dornoch
Terrace). This park is also a hot spot for firework
viewing during the popular Riverfire Festival.
A variety of cafes provide service to Highgate Hill
residents, yet the proximity to other popular dining
destinations (West End, Paddington, South Bank)
extend the options and highlights the convenience
of living in Highgate Hill.
Retail options for Highgate Hill are plentiful, with
the Brisbane CBD offering a variety of shops for
residents. Supermarkets and grocery outlets are
available in surrounding suburbs, including West
End.
Highgate Hill features many heritage listed homes, yet controversial actions have been taken by Brisbane City Council in
denying heritage listings to historic houses to make way for more high density developments.
Source: Wikipedia

9. Highgate Hill Market Overview
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proximity to amenities
The area is serviced by the following facilities:
Transport
South Bank Bus Station
South Bank Train Station
Local & City Buses
West End Ferry Terminal
South Bank Ferry
Shopping & Dinning
Woolworths Southpoint
Aldi West End
Coles South Brisbane
IGA South Brisbane
South Bank Dining Precinct
Boundary St Markets & Dining
Education Healthcare
Brisbane State High School
Tafe Queensland
QUT Gardens Point
University of Queensland
West End State School
Griffith College of Art
Lady Cilento Children’s Hospital
Marter Hospital Brisbane
Mater Mother’s Hospital
Princess Alexandra Hospital
Gladstone Road Medical Centre
Recreation & Community
South Bank Parklands
Queensland Performing Arts Centre
Queensland Museum
Brisbane Convention & Exhibition Centre
Highgate Hill Park

10. Highgate Hill Market Overview
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11. Highgate Hill Market Overview
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12. Highgate Hill Market Overview
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demographics
According to the Australian Bureau of Statistics the total population of Highgate Hill was 6,669 in 2016 with a
projected population of 6,920 by 2036.
The lifestyles and people of Highgate Hill
Occupations
The main occupations of people living in Highgate Hill are:
Sources: www.realestate.com.au, http://localstats.com.au https://www.pdslive.com.au/v4/app
26.3%
23.7%
11.0%
10.8%
9.0%
7.8%
7.5%
2.8%
0.80%
0.30%
Independent Youth
Maturing & Established Independence
Older Couples & Families
Older Independence
Established Couples & Families
Maturing Couples & Families
Elderly Singles
Elderly Couples
Young Families
Elderly Families
38.0%
12.7%
12.3%
11.0%
8.0%
7.8%
7.1%
1.6%
1.4%
Professionals
Managers
Administrative
Community Workers
Technicians & Trads
Sales
Labourers
Machinery Operators & Drivers
Other
Dwelling Structure
Unit
Separate House
Semi/Terrace
Other

13. Highgate Hill Market Overview
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demand analysis
According to Corelogic, they have calculated 54 apartments were sold in Highgate Hill in 2017 with a median sale price of
$493,500 per apartment and 43 houses were sold with a median sale price of $920,000.
Highgate Hill – Medium Property Price
House
Buy
$967,000
Rent
$523 PW
2BR
-
3BR
$903,500
4BR
-
2BR
$420 PW
3BR
$540 PW
4BR
$695 PW
Unit
Buy
$513,500
Rent
$350 PW
1BR
$280,000
2BR
$450,091
3BR
$632,000
1BR
$288 PW
2BR
$385 PW
3BR
$590 PW
The Residential Tenancies Authority (RTA) provide the following information on rentals in
Highgate Hill:
Sources: realestate.com.au, Residential Tenancies Authority Rental Bond Lodgements, Core Logic & Savills Research.
$0
$100
$200
$300
$400
$500
$600
$700
$800
Oct-Dec 2015 Oct-Dec 2016 Oct-Dec 2017
Median Weekly Rents
1 Bedroom 2 Bedroom 3 Bedroom
$0
$100
$200
$300
$400
$500
$600
Oct-Dec 2015 Oct-Dec 2016 Oct-Dec 2017
Bonds Lodged
1 Bedroom 2 Bedroom 3 Bedroom

14. Highgate Hill Market Overview
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market research
The following properties recently sold provide an indication of activity in the area of Highgate Hill:
Address Sale Date Sale Price Land Area Land Rate
11 Ruth Street High, Gate Hill Sep-17 $2,000,000 516sq m $3,875/sq m
37 Prospect Terrace, Highgate Hill Oct-17 $1,455,000 506sq m $2,875/sq m
12 Gladstone Road, Highgate Hill Jun-18 $1,420,000 470sq m $3,021/sq m
21 Rosary Crescent, Highgate Hill Mar-18 $1,420,000 407sq m $3,488/sq m
36 Gloucesster Street, Highgate Hill Jul-17 $1,300,000 405sq m $3,209/sq m
33 Baynes Street, Highgate Hill Jun-17 $1,255,000 556sq m $2,047/sq m
36 Franklin Street, Highgate Hill Dec-17 $1,110,000 405sq m $2,740/sq m
20 laurel street Highgate hill Nov-17 $1,000,000 574sq m $1,742/sq m
18 Hove Street, Highgate Hill Aug-17 $950,000 430sq m $2,209/sq m
94 Gladstone Road, Highgate Hill Sep-17 $920,000 405sq m $2,271/sq m
35 Louisa Street Highgate Hill Oct-17 $890,000 405sq m $2,192/sq m
18 Strath Street, Highgate Hill Oct-17 $870,000 425sq m $2,045/sq m
60 Hampstead Road Highgate Hill Mar-18 $850,000 425sq m $2,000/sq m
23 Chester Street, Highgate Hill Aug-17 $780,000 405sq m $1,925/sq m
11 Laurel Street Highgate Hill Dec-17 $780,000 407sq m $1,916/sq m
Rate Range High $2,000,000 574sq m $3,875/sq m
Rate Range Low $780,000 405sq m $1,742/sq m
Rate Range Average $1,133,333 449sq m $2,504/sq m
Please note:
When verifiable, sale prices are exclusive of GST
Land rate is calculated by dividing the sale price by the land area
Potential GFA is the gross floor area of the potential project
GFA rate is calculated by dividing the sale price by the GFA

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Savills Research
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