AREA REPORTS

Chermside West

Suburb Profile

Chermside West - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4032

house
unit

CHERMSIDE WEST, 4032 delivered a weaker 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 5.36% for the past year.

Investors saw the median home price rise to $590,000.

Profits due to an upward trend in home prices in the suburb averaged 4.13% per annum over a 3-year period.

CHERMSIDE WEST now ranks at the th 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 $447.5 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 44.7 days.

In 2016, 113 properties were sold in CHERMSIDE WEST during the past year, making it the 850th most active market in QLD based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $590,000 $550,000
GROWTH REPORT
Median Quarterly 0% 0.92%
Median 12 month 5.36% 0.36%
Median 3 years 12.38% 8.37%
Median 5 years 37.21% N/A
10 years average annual 3.36% 2.87%
Weekly media advert. rent $447.5 $450
Time on Market 44.7 days 0.0 days
Gross Rental Yield Percent 3.94% 4.25%
demographics (median values)
Total Population
5951
Weekly Household Income
1137
Household Size
2.60
demographics
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