The suburb’s capital gain of 3.07% for the past year is lower than average compared to its 36.63% growth within a five-year period.
Also in CHERMSIDE, the median home price is sitting at $587,500, and the average rent at $400, this suggests property owners could potentially earn a 3.54% increase in gross rental yield.
Property investors have seen a 1.29% gain in CHERMSIDE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.77% growth over a ten-year period. It ranks 1666th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.07%||-6.15%|
|Median 3 years||15.31%||2.25%|
|Median 5 years||36.63%||9.8%|
|10 years average annual||4.77%||1.78%|
|Weekly media advert. rent||$400||$375|
|Time on Market||80.2 days||118.1 days|
|Gross Rental Yield Percent||3.54%||4.64%|