Suburb Profile Report for Chermside QLD (4032)

Chermside House: Median price $580,000, Annual capital growth 2.92%, Number of sales 62, Weekly median advertised rent $400

Chermside Unit: Median price $388,085, Annual capital growth -0.05%, Number of sales 120, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

QLD has seen average median house prices change by 2.03% which means that Chermside, 4032 has done well for property investors by showing a capital gain of -5.69% over the last year

The five-year average increase in median property values for Chermside,4032 has given property investors a potential capital gain of 19.59% across each of those five years.

Our latest figures would indicate that property sellers in Chermside are currently offering property investors an average price cut of -6.06% below the asking price at the moment.

On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.

Property investors who have had real estate in Chermside, 4032 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.53%

Across a shorter period, Chermside, 4032 has seen a median price increase of -0.15% over the last quarter.

The most recent median price for Chermside is $388085, with sellers offering an average of -5.31% off the asking price.

Advertised rents are around the $380 mark per week – giving a return of 5.09% based on the median price in Suburb

Metrics i HOUSE UNIT
$580,000 $388,085
-1.69% -0.15%
-5.69% -0.53%
2.92% -0.05%
$400 $380
62 120
3.59% 5.09%
74.125 69.78824

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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