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Chermside West

POSTAL CODE: QLD, 4032
HOUSE

CHERMSIDE WEST, 4032 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling CHERMSIDE WEST, 4032 values up and netting property investors a capital gain of 8.74% for the past year.

Investors saw the median home price rise to $1,182,500.

Profits due to an upward trend in home prices in the suburb averaged 10.46% per annum over a 3-year period.

CHERMSIDE WEST now ranks at the 176th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CHERMSIDE WEST are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $745 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CHERMSIDE WEST, homes and units usually stay on listing for an average of 25.6 days.

In 2016, 89 properties were sold in CHERMSIDE WEST during the past year, making it the 42nd most active market in QLD based on total real estate transactions.

Surburb overview

Chermside West, a residential suburb located 10 kilometres north of Brisbane's CBD, is known for its leafy environment and proximity to amenities. The suburb's population is approximately 6,965, with the predominant age group being 40-49. Most residents are professionals and families, making it a popular choice for those looking for a suburban lifestyle close to the city.

The suburb offers a range of recreational facilities, including the Downfall Creek Bushland Centre, which features walking trails, picnic spots, and cultural displays. The area also has several parks, providing ample green spaces for outdoor activities. Regarding healthcare, residents can access nearby hospitals like Prince Charles Hospital and Holy Spirit Northside Private Hospital.

Chermside West is serviced by several primary and secondary schools, including Craigslea State High School and Craigslea State School, catering to families' educational needs. Public transport is accessible, with regular bus services connecting the suburb to the Brisbane CBD and surrounding areas.

The median house price in Chermside West is around $1,022,500, while the median rent is approximately $670 per week, reflecting a strong rental market demand. Rental yields in the area are 3.62% for houses and 4.56% for units, making it an attractive location for property investors.

Overall, Chermside West provides a balanced lifestyle with its combination of green spaces, proximity to amenities, and good connectivity to the city, making it a desirable suburb for families and professionals.

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