Chermside West Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Chermside West? As a Chermside West Buyers Agent, we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Chermside West property purchase!
The population of Chermside West in 2016 was around 6,456 and continues to grow. 73.7% of households in Chermside West are owner occupied and consistent predominantly of professional couples (aged 40-49 years old) with children.
Shops, restaurants and entertainment
Chermside West’s main shopping and café precinct is located on the corner of Rode Road and Appleby Road.
Craigslea State School (primary and high school) is the only school located in the suburb. There are a number of great private schools in surrounding suburbs, for example Queen of Apostles Primary School, St Dympna’s Parish School, Northside Christian College and Prince of Peace Lutheran College.
Parks and Green spaces
There is an abundance of green spaces in the suburb with Raven Street Reserve being the largest and taking up almost an eighth of the suburb!
Housing type and typical block size
The vast majority (90.8%) of properties in Chermside West are free standing houses.
Most homes in Chermside West were built around the 1980s. They are typically double storey brick (or brick and weatherboard) homes on approximately 600m2 blocks.
What can my money buy in Chermside West?
The median house price in Chermside West is $710,000 which is close to Brisbane’s median.
The median house price in Chermside West would typically buy a 3-bedroom, 2-bathroom house on a 607m2 block but on a busy road. For example: 82 Maundrell Terrace, Chermside West, Qld 4032 – sold for $715,000 in 10 Jul 2021 (click to view listing and see images below).
The median unit price in Chermside West is: $520,000.
This amount would typically buy a 3-bedroom, 2-bathroom, 2-garage townhouse. For example: 31/397 Trouts Road, Chermside West, Qld 4032 – $520,000 in 24 Jul 2021 (click to view listing and see images below)
How has the Chermside West property market been performing?
In the last 5 years the median house price has increased by 29%. Over the last 10 years, house prices have increased by 4.5% per annum.
Units in Chermside West have seen more modest price growth. In the last 5 years the median price of units has increased by 13.4%.
Supply and demand characteristics for Chermside West
- Average Days on Market: Houses 21 days.
- On average houses are selling -4% below their list price.
- The average rental yield for houses is 3.55%, compared to 4.6% for units.
- There is a shortage of houses and units currently listed for sale (1.78% and 0.08% respectively).
- The rental vacancy rate for houses is 1.4%
**Statistics are accurate for December 2021
Check out Chermside West’s Community Facebook page for some additional information on the suburb.
Check out what some of our past clients have had to say about their property purchases in Chermside West:
Thinking about buying a property in Chermside West? Our Chermside West Buyer’s Agent is more than happy to have a chat. Please contact us.
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