Chermside West

POSTAL CODE: QLD, 4032

HOUSE

UNIT

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 18.47% for the past year.

Investors saw the median home price rise to $1,315,000.

Profits due to an upward trend in home prices in the suburb averaged 18.85% per annum over a 3-year period.

CHERMSIDE WEST now ranks at the 514th 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 $750 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 23.5 days.

In 2016, 88 properties were sold in CHERMSIDE WEST during the past year, making it the 55th most active market in QLD based on total real estate transactions.

CHERMSIDE WEST ranks 231st in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

CHERMSIDE WEST, 4032 has a capital gain of 0% for the past year, which is lower than average compared to its 80.38% growth within a five-year period.

With the median home price in CHERMSIDE WEST sitting at $938,000, and the average rent at $660, property owners could potentially earn a 3.66% increase in gross rental yield.

Property investors have seen a 0% gain in CHERMSIDE WEST 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 CHERMSIDE WEST, 4032 obtained a 14.7% growth over a ten-year period. It ranks 1468th on our list of suburbs that property investors should look into.

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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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,315,000	$938,000
Growth Report
Median Quarterly	2.73%	0%
Median 12 month	18.47%	0%
Median 3 years	56.55%	51.53%
Median 5 years	93.38%	80.38%
10 years average annual	9.93%	14.7%
Weekly media advert. rent	$750	$660
Time on Market	23.5 days	17.5 days
Gross Rental Yield Percent	2.97%	3.66%

Demographics (Median Values)*

Total Population 5951

Weekly Household Income 1137

Household Size 2.60

Average Age 39

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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