Giving property investors a an unimpressive capital gain of -2.46% for the last year, Chermside, 4032 is the 3212th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Chermside comes in at number 383th in QLD.
Our latest figures would indicate that property sellers in Chermside are currently offering property investors an average price cut of -3.90% below the asking price at the moment.
Residents and property investors in Chermside have been waiting around 45.5 days to sell a property.
With the median price for a house in Chermside being $595000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.50%
If you compare the increase in value of investment property in Chermside, 4032 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -1.64%.
A 0.16% growth in median value for property investors in Chermside,4032 puts this suburb at number 150th in terms of best performing suburbs in QLD
The most recent median price for Chermside is $389000, with sellers offering an average of -4.56% off the asking price.
Often selling an investment property can take time, and in Chermside the average time real estate has been on the market is 118.76 days.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of -0.47%, investors should hope to achieve an overall return of 5.08%