Chelmer Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Chelmer? As a Chelmer Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Chelmer property purchase!
Chelmer is a riverside suburb located 9km southwest of the Brisbane CBD. Chelmer is bordered by the suburbs of Indooroopilly to the north, and Graceville to the south
The population of Chelmer in 2016 was around 3,000 and continues to grow. 78% of households in Chelmer are owner occupied and consist primarily of professional couples with children.
Shops, restaurants and entertainment
Chelmer’s main shopping and café precinct is located on Honour Avenue.
The Ipswich train line divides Chelmer into east and west, with stations in both Chelmer and Graceville.
Most and least desirable areas
Laurel Avenue is Chelmer’s most prestigious address. It is lined with massive Camphor Laurel trees and is famous for its beautiful, Queenslander homes.
Noise can be an issue for properties close to the train line and Honour Avenue. Much of Chelmer was affected by river flooding in 2011 (see image below) which has had a significant effect on property prices in the area.
The vast majority (90%) of properties in Chelmer are free standing homes including some of the most beautiful ‘Queenslander’ homes in the city.
What can my money buy in Chelmer?
The median house price in Chelmer is well above Brisbane’s median at $985,000.
The median house price in Chelmer would typically buy a 4 bedroom, 2 bathroom house on a good sized block.
For example: 26 Leybourne Street Chelmerthat sold for $1.065,000 in March, 2019:
How has the Chelmer property market been performing?
In the last 5 years the median house price has increased by 15.2%. Over the last 10 years, house prices have increased by 2.5% per annum.
Supply and demand characteristics for Chelmer (April 2019)
- On average houses are selling 15% above their list price and are on the market for around 98 days.
- Chelmer’s auction clearance rate is 17% for houses.
- The typical rental yield for houses is 3.11%.
- Stock levels are balanced with 3.09% of property currently listed for sale
- The rental vacancy rate for houses is sitting at 4.1%.
Check out Chelmer’s Community Facebook page for some additional information on the suburb.
Thinking about buying a property in Chelmer? If so, our Chelmer Buyer’s Agent would love to help. Contact us for more information.
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