Property value increases in Chermside have tracked close to the QLD average of 2.44% over the last 12 months.
Comparing Chermside,4032 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 700th of QLD’s most discounted properties, Chermside is in the TOP 20% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Chermside being $575000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.62%
With a capital gain of -7.69% for the last 12 months, Chermside, 4032 has performed for property investments than its average annual 1.92% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chermside has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Chermside is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 129th in terms of most discounted suburbs in QLD
Chermside is 282th on a list of best yielding suburbs for rents in QLD with a 4.70% return