Chermside

POSTAL CODE: QLD, 4032

HOUSE

UNIT

CHERMSIDE ranks 525th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 15.79% for the past year is higher than average compared to its 76.21% growth within a five-year period.

Also in CHERMSIDE, the median home price is sitting at $1,100,000, and the average rent at $650, this suggests property owners could potentially earn a 3.07% increase in gross rental yield.

Property investors have seen a 0.92% gain in CHERMSIDE based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on CHERMSIDE, 4032 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 15.79%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.8% growth over a ten-year period. It ranks 583rd on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in CHERMSIDE, 4032 translates to a 56.67% capital gain.

CHERMSIDE, 4032 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $705,000.

Augmented property values in CHERMSIDE are trailing behind the QLD average of 15.72% for the past year.

Real estate investors could earn a rental income of $610 based on current median home prices for the suburb.

Home owners selling their properties and realtors in CHERMSIDE usually have to wait an average of 27.8 days days before their assets are lifted off the market.

CHERMSIDE ranks 178th on the list of best yielding suburbs for rental properties in QLD, posting a 4.5% return.

CHERMSIDE, 4032 places 166th in Australia based on median property value growth during the quarter.

Surburb overview

Chermside, situated approximately 9 kilometres north of Brisbane's CBD, is one of the city’s most vibrant and rapidly developing suburbs. Known for its bustling commercial district, Chermside features the largest shopping centre in Queensland, Westfield Chermside, which includes a variety of retail outlets, dining options, and entertainment facilities. This hub is a significant employment centre, attracting professionals and families to the area.

The suburb has a population of 9,313, with the predominant age group being 20-29. Most residents were born in Australia, and the suburb has diverse cultural backgrounds, including individuals from India, New Zealand, and England. Chermside is popular among families, singles, and professionals due to its accessibility and amenities.

Public transportation is well established, with regular bus services connecting the suburb to the Brisbane CBD and nearby areas. Brisbane Airport is also conveniently located just a 15-minute drive away, making Chermside a strategic location for frequent travellers and commuters.

Chermside offers many housing options, including high-density apartment complexes and traditional Queenslander homes. The median house price is around $900,000, while units average approximately $570,000. The rental market is also active, with median weekly rents at $588 for houses and $570 for units, providing rental yields of 3.50% for houses and 5.28% for units.

The suburb boasts several parks and recreational spaces, such as 7th Brigade Park and Downfall Creek Bushland Centre, which are ideal for picnics, walking, and cycling. Additionally, Chermside is home to the Prince Charles Hospital and the Holy Spirit Northside Private Hospital, which provide high-quality healthcare services to residents.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,100,000	$705,000
Growth Report
Median Quarterly	0.92%	4.44%
Median 12 month	15.79%	13.8%
Median 3 years	33.5%	56.67%
Median 5 years	76.21%	85.53%
10 years average annual	7.8%	5.25%
Weekly media advert. rent	$650	$610
Time on Market	46.8 days	27.8 days
Gross Rental Yield Percent	3.07%	4.5%

Demographics (Median Values)*

Total Population 6349

Weekly Household Income 775.2

Household Size 1.90

Average Age 37

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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