Located in Queensland within the Brisbane local government area, Chermside is a well-established suburb (postcode 4032). With a population of 11,426, the suburb has a mix of families and early-career residents with a median age of 35. Households earn a median income of $74K per year, with an average household size of 1.9 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, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Chermside is $975,000, having jumped by 16.3% over the past year. Units have a median price of $539,000 (+14.6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,690.
Public transport access includes 66 bus stops. Healthcare facilities include 3 public and 5 private hospitals. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.5% (moderate yield). Property prices are near the state median ($975K/$1.1M). The price-to-income ratio of 13.2x is considered stretched. House prices have moved +16.3% 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.