Chermside is an average performer in QLD when comparing median price capital growth over the last year. Chermside gave property investors a good capital gain figure when compared to the rest of the state, with 18.42%.
Across a shorter period, Chermside, 4032 has seen a median price increase of 2.86% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Chermside is offering property investors an average of -2.41. This rate of discount on properties puts Suburb at number 405th in terms of most discounted suburbs in QLD
The QLD suburb of Chermside, 4032 is in the Brisbane (C) local government area.
With a capital gain of 2.42% for the last 12 months, Chermside, 4032 has performed for property investments than its average annual 7.98% property growth over the last 5 years.
Chermside,4032 has offered an average of 2.42% return per annum in house price rises to property investors over the last three years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.54% offered to property buyers. Sellers in Chermside itself are offering an average vendor discount of 0.00% to real estate investors.
At number 1205 in a list of fastest selling suburbs, Chermside is just in the bottom half of suburbs in Australia with an average of days on market 47.3333 for properties listed there.
With the median price for a house in Chermside being $402000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 1.73%