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Chermside

POSTAL CODE: QLD, 4032
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CHERMSIDE ranks 363rd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 21.84% for the past year is higher than average compared to its 74.98% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in CHERMSIDE, the median home price is sitting at $1,157,500, and the average rent at $665, this suggests property owners could potentially earn a 2.99% increase in gross rental yield.

Property investors have seen a 5.23% 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 21.84%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.26% growth over a ten-year period. It ranks 206th on our list of suburbs that property investors should look into.

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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