AREA REPORTS

Chermside West

QLD/
Chermside west

Suburb Profile

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

house

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 3.3% for the past year.

Investors saw the median home price rise to $595,000.

Profits due to an upward trend in home prices in the suburb averaged 4.44% per annum over a 3-year period.

CHERMSIDE WEST now ranks at the 398th 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 $450 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 35.1 days.

In 2016, 107 properties were sold in CHERMSIDE WEST during the past year, making it the 888th 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 $595,000 N/A
GROWTH REPORT
Median Quarterly 0.34% N/A
Median 12 month 3.3% N/A
Median 3 years 13.33% N/A
Median 5 years 34.39% N/A
10 years average annual 3.43% N/A
Weekly media advert. rent $450 N/A
Time on Market 35.1 days N/A
Gross Rental Yield Percent 3.93% N/A
demographics (median values)
Total Population
5951
Weekly Household Income
1137
Household Size
2.60
demographics
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