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