The suburb’s capital gain of 1.32% for the past year is lower than average compared to its 34.42% growth within a five-year period.
Also in CHERMSIDE, the median home price is sitting at $575,000, and the average rent at $400, this suggests property owners could potentially earn a 3.62% increase in gross rental yield.
Property investors have seen a -1.2% drop in CHERMSIDE based on a decrease 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 5% growth over a ten-year period. It ranks 1588th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.32%||-7.69%|
|Median 3 years||15%||3.7%|
|Median 5 years||34.42%||5.66%|
|10 years average annual||5%||1.92%|
|Weekly media advert. rent||$400||$380|
|Time on Market||80.4 days||105.3 days|
|Gross Rental Yield Percent||3.62%||4.7%|