Suburb Profile Report for Chermside West QLD (4032)

Chermside West House: Median price $673,000, Annual capital growth 4.00%, Number of sales 119, Weekly median advertised rent $485

Chermside West Unit: Median price $520,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $450

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Chermside West, 4032 have given investors a capital gain of 7.68%. This compares badly with the 12.16% for QLD as a whole.

The five-year average increase in median property values for Chermside West,4032 has given property investors a potential capital gain of 25.77% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Chermside West is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 515th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Chermside West the average time real estate has been on the market is 21.4024 days.

Using the current median advertised rental of $485 and the average annual increase in value of a median property of 4.00%, investors should hope to achieve an overall return of 3.75%

Advertised rents are around the $450 mark per week – giving a return of 4.50% based on the median price in Suburb

Metrics i HOUSE UNIT
$673,000 $520,000
4.22% N/A
7.68% N/A
4.00% N/A
$485 $450
119 10
3.75% 4.50%
21.4024390243902 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Very good (H)
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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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