Suburb Profile Report for Chermside QLD (4032)

Chermside House: Median price $615,000, Annual capital growth 3.89%, Number of sales 65, Weekly median advertised rent $395

Chermside Unit: Median price $422,500, Annual capital growth 0.91%, Number of sales 285, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2071th in the list of Australian suburbs ordered by increase in median house value over the last year, Chermside, 4032 is in the top half with a property value increase of 5.67% recorded in median house prices.

If we look at median property appreciation over just the last three months, Chermside has given property investors a paper return of 0.00%. This puts Suburb as 441 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Chermside are currently offering property investors an average price cut of -6.07% below the asking price at the moment.

The QLD suburb of Chermside, 4032 is in the Brisbane local government area.

Investment property in Chermside has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.98%

When looking at the potential capital gains offered to property investors over the last 3 years, Chermside comes in at number 197th in QLD.

Property investors looking for a bargain in Chermside should be aiming for at least -6.14% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 285 properties changed hands in Chermside, which puts it as the 17th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $375 mark per week – giving a return of 4.62% based on the median price in Suburb

Metrics i HOUSE UNIT
$615,000 $422,500
0.00% 0.60%
5.67% -3.98%
3.89% 0.91%
$395 $375
65 285
3.34% 4.62%
79.65 126.09

Source: CoreLogic

DSR Score for property investment : Balanced (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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