Suburb Profile Report for Chermside West QLD (4032)

Chermside West House: Median price $582,000, Annual capital growth 3.40%, Number of sales 109, Weekly median advertised rent $435

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

Source: CoreLogic

  • House Report

Investment property in Chermside West 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 3.93%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chermside West has increased when compared to the 5 year average annual rate.

Chermside West, 4032 is offering QLD ‘s 558th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.

Often selling an investment property can take time, and in Chermside West the average time real estate has been on the market is 44.74 days.

Using the current median advertised rental of $435 and the average annual increase in value of a median property of 3.40%, investors should hope to achieve an overall return of 3.89%

Metrics i HOUSE UNIT
$582,000 N/A
1.22% N/A
3.93% N/A
3.40% N/A
$435 N/A
109 N/A
3.89% N/A
44.74 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