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Chermside West, QLD 4032
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,305,000
market range $1.3M-$1.5M
Median Unit
$800,000
list-price estimate
Gross Yield (units)
4.1%
1yr Growth (houses)
+14.9%
market range +12.5% to +20.0%
Investment snapshot for Chermside West
Chermside West has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Chermside West market and investor summary
In Chermside West, QLD 4032, the median house sells for around $1.3M. House prices have moved +14.9% over the past year and +51.5% over three years. At 1.4% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market.
Living in Chermside West: people, income and schools
Chermside West is home to around 6,965 people, and the area has been growing steadily, up about 10% over five years. At a median age of 39, it reads as broadly working-age, and 71% of homes are owner-occupied.
The typical household income runs to around $110,000 a year (about $2,120 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.8 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 44 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Chermside West sits about 10 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 57 for walkability and 8 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 6,965
- +10% over 5yr
- Median age
- 39 years
- Median household income
- $110,000/yr
- Households renting
- 24%
- Family households
- 77%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 44
- avg ICSEA 1080
- Unemployment
- 5.7%
- Distance to CBD
- 10 km
- Walk score
- 57/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Chermside West
View all →Frequently asked questions about Chermside West
What should I check before investing in Chermside West?
Chermside West has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.1% gives a usable rent-to-price starting point. Capital growth of +14.9% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Chermside West?
The median property price in Chermside West, QLD 4032 is $1.3M for houses.
What rental yield does Chermside West show?
The gross rental yield in Chermside West is 4.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Chermside West?
House prices in Chermside West are up 14.9% over the past year and up 51.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Chermside West?
The current vacancy rate in Chermside West is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Chermside West?
Chermside West has a population of approximately 6,965 residents, with a median age of 39.
What schools are near Chermside West?
There are 44 schools within roughly 5km of Chermside West. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Chermside West affordable to buy in?
A median house in Chermside West costs about 11.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Chermside West's population growing?
The population of Chermside West has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Chermside West from the CBD?
Chermside West is about 10 km from the CBD.
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