Suburb Profile Report for Chermside QLD (4032)

Chermside House: Median price $593,000, Annual capital growth 5.97%, Number of sales 80, Weekly median advertised rent $400

Chermside Unit: Median price $435,000, Annual capital growth 3.13%, Number of sales 247, Weekly median advertised rent $385

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 11.89% for the last year, Chermside, 4032 is the 830th highest performer in Australia in this respect.

While Chermside,4032 ranked number 258th in QLD for increase in median house value (annualised) increase, it is ranked 32th over the last 5 years.

Our latest figures would indicate that property sellers in Chermside are currently offering property investors an average price cut of -5.45% below the asking price at the moment.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.51%, without taking into account capital value appreciation, which has been averaging out at 5.97%.

QLD has seen average median house prices change by 0.98% which means that Chermside, 4032 has done well for property investors by showing a capital gain of -2.25% over the last year

Across a shorter period, Chermside, 4032 has seen a median price increase of -2.25% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Chermside, 4032. Typically our figures indicate that -5.78% is being offered, which puts this QLD suburb at 545th most discounted overall in Australia.

Metrics i HOUSE UNIT
$593,000 $435,000
1.63% -2.25%
11.89% -2.25%
5.97% 3.13%
$400 $385
80 247
3.51% 4.60%
64.27 91.34

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 8170
Median household income ($/weekly) 1065
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2
  • Census Count Percent(%)
    20-24 years 886 10.8
    25-34 years 1734 21.2
    35-44 years 1077 13.2
    45-54 years 801 9.8
    55-64 years 628 7.7
    Others 3043 37.3
    Age Group
    Census Count Percent(%)
    Not Married 3446 54.9
    Registered Married 2026 32.3
    Defacto Relationship 802 12.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4861 67.1
    Indonesia 324 4.5
    Papua New Guinea 314 4.3
    United Kingdom 256 3.5
    Other 594 8.2
    Others 895 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 146 2.1
    Christianity 4639 67.2
    Hinduism 180 2.6
    Islam 206 3.0
    No Religion 1608 23.3
    Others 121 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 312 9.5
    $400-$599 357 10.9
    $600-$799 323 9.8
    $800-$999 316 9.6
    $1,500-$1,999 399 12.1
    Others 1583 48.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2627 41.8
    Not in the labour force 2170 34.6
    Employed, worked part-time 984 15.7
    Unemployed, looking for work 284 4.5
    Employed, away from work 214 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 962 25.2
    Technicians & trades workers 461 12.1
    Community & personal service workers 419 11.0
    Clerical & administrative workers 604 15.8
    Labourers 384 10.0
    Others 995 26.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 337 24.8
    Secondary 252 18.5
    Technical or Further Educational Institution 202 14.9
    University or other Tertiary Institutions 397 29.2
    Other type of educational institution 94 6.9
    Others 78 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3155 42.6
    Flat, unit or apartment 2516 34.0
    Semi-detached, row or terrace house, townhouse 1723 23.3
    Caravan, cabin, houseboat 3 0.0
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2106 60.7
    Fully owned 653 18.8
    Being purchased 618 17.8
    Other tenure type 95 2.7
    Tenure Type
Census 2011, ABS
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