Suburb Profile Report for Chermside West QLD (4032)

Chermside West House: Median price $565,000, Annual capital growth 4.05%, Number of sales 118, Weekly median advertised rent $430

Chermside West Unit: Median price $534,000, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Chermside West, 4032 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.82%.

When looking at the potential capital gains offered to property investors over the last 3 years, Chermside West comes in at number 274th in QLD.

Vendor discounting in Chermside West is giving property investors an average Vendor Discount of around -5.48%. This puts suburb at number 513th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Chermside West the average time real estate has been on the market is 36.68 days.

With the median price for a house in Chermside West being $565000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.96%

In the last year 12 properties changed hands in Chermside West, which puts it as the 367th most active market in QLD when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$565,000 $534,000
0.98% N/A
2.82% N/A
4.05% N/A
$430 $450
118 12
3.96% 4.38%
36.68 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 6120
Median household income ($/weekly) 1493
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 802 13.1
    25-34 years 734 12.0
    35-44 years 893 14.6
    45-54 years 816 13.3
    55-64 years 615 10.0
    Others 2261 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 2483 53.3
    Not Married 1777 38.2
    Defacto Relationship 397 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4589 77.2
    Japan 111 1.9
    Papua New Guinea 229 3.9
    United Kingdom 214 3.6
    Other 257 4.3
    Others 548 9.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 98 1.7
    Christianity 4249 74.5
    Hinduism 53 0.9
    Islam 59 1.0
    No Religion 1189 20.8
    Others 56 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 174 8.5
    $800-$999 181 8.9
    $1,500-$1,999 321 15.7
    $2,000-$2,499 238 11.7
    $2,500-$2,999 217 10.6
    Others 908 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1901 39.9
    Not in the labour force 1619 33.9
    Employed, worked part-time 902 18.9
    Employed, away from work 202 4.2
    Unemployed, looking for work 145 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 318 10.6
    Professionals 768 25.6
    Technicians & trades workers 384 12.8
    Clerical & administrative workers 561 18.7
    Sales 298 9.9
    Others 676 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 72 5.0
    Infants/Primary 570 39.6
    Secondary 373 25.9
    Technical or Further Educational Institution 112 7.8
    University or other Tertiary Institutions 273 18.9
    Others 41 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5920 99.2
    Flat, unit or apartment 38 0.6
    Semi-detached, row or terrace house, townhouse 9 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 960 43.7
    Being purchased 800 36.4
    Rented 423 19.3
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals