Investment property in Chermside has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.64%
The five-year average increase in median property values for Chermside,4032 has given property investors a potential capital gain of 39.52% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Chermside is offering property investors an average of -7.10. This rate of discount on properties puts Suburb at number 689th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.39%, investors should hope to achieve an overall return of 3.55%
Over the last year, property investments in Chermside, 4032 have given investors a capital gain of -7.08%. This compares very badly with the 0.66% for QLD as a whole.
Over the longer term, Chermside has seen property prices show investors a 3.70% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.07% to buyers in Chermside at the moment, which is less than average for the rest of QLD.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.70%, without taking into account capital value appreciation, which has been averaging out at 2.08%.