Chelmer is a smaller suburb in Queensland within the Brisbane local government area (postcode 4068). The area has roughly 3,325 residents and an established family demographic, with a median age of 41. Households earn a median income of $177K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Chelmer has a median house price of $1.4 million, which has risen by 3.7% year-on-year. Units have a median price of $630,000 (+20.6% YoY). The current median weekly rent is $950. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $3,000.
Chelmer is served by 1 school, including 1 secondary. The average ICSEA score is 911, which is below the national average of 1,000. Public transport access includes 3 rail stations, 2 ferry wharfves, 2 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.5%, which reads as moderate yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 7.9x is considered moderate. House prices have moved +3.7% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.