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Chelmer
AREA REPORTS

Chelmer

Chelmer - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4068

house

A steady increase in median property prices over a five-year period in the suburb translates to a 20.75% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,280,000

The augmented property values in the suburb are trailing behind the territorial average of 11.8% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $580.

Home owners selling their properties and realtors in CHELMER usually have to wait an average of 50.8 days days before their assets are lifted off the market.

The QLD suburb ranks 745th on the list of best yielding suburbs for rental properties in QLD, posting a 2.36% return.

It also places places 247th in Australia based on median property value growth during the quarter.

Data report can be found below

Chelmer
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,280,000 N/A
GROWTH REPORT
Median Quarterly 6.67% N/A
Median 12 month 8.94% N/A
Median 3 years 20.75% N/A
Median 5 years 25.49% N/A
10 years average annual 4.99% N/A
Weekly media advert. rent $580 N/A
Time on Market 50.8 days N/A
Gross Rental Yield Percent 2.36% N/A
demographics (median values)*
Total Population
2560
Weekly Household Income
1706
Household Size
2.70
Age
38
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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