Suburb Profile Report for Chermside QLD (4032)

Chermside House: Median price $705,000, Annual capital growth 4.80%, Number of sales 79, Weekly median advertised rent $410

Chermside Unit: Median price $400,000, Annual capital growth -0.58%, Number of sales 198, Weekly median advertised rent $395

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Investment property in Chermside has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.71%

Across a shorter period, Chermside, 4032 has seen a median price increase of 2.69% over the last quarter.

Vendor discounting in Chermside is giving property investors an average Vendor Discount of around -5.88%. This puts suburb at number 176th in QLD when ranking the most discounted suburbs.

At number 2689 in a list of fastest selling suburbs, Chermside is in the bottom 40% of suburbs in Australia with an average of days on market 69.1636 for properties listed there.

Property value increases in Chermside have tracked just higher than the QLD average of 8.71% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Chermside comes in at number 250th in QLD.

Vendor discounting in Chermside is giving property investors an average Vendor Discount of around -4.67%. This puts suburb at number 111th in QLD when ranking the most discounted suburbs.

Chermside, 4032’s gross rental yield is 5.13%

Metrics i HOUSE UNIT
$705,000 $400,000
2.69% 0.76%
13.71% 11.11%
4.80% -0.58%
$410 $395
79 198
3.02% 5.14%
69.1636363636364 67.1526717557252

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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