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The Chermside property market has seen mixed trends recently. The median house price is currently around $823,000, with a 12-month growth of -7.79%, indicating a potential market adjustment or local factors influencing prices. In contrast, the unit market shows a positive trend with a median price of $485,500 and a significant annual growth of 12.91%. This suggests a growing demand for units, possibly due to affordability and lifestyle preferences.

In the past year, Chermside recorded 69 house sales and 314 unit sales. Houses typically spent 31 days on the market, while units were quicker to sell, averaging 20 days. This faster turnover for units might be due to their affordability and appeal to a broader demographic, including young professionals and small families.

The suburb's proximity to Brisbane CBD and major commercial areas, along with well-developed transport infrastructure, positively impacts its real estate market. Future developments in the region could further strengthen property values and attract more residents to Chermside.

Rental market and economic factors

The rental market in Chermside is particularly strong for units, with a rental yield of 5.41% and a median rent of $510 per week. Houses in Chermside also offer a decent rental yield of 3.68%, with a median rent of $550. These figures indicate that Chermside is a potentially profitable area for rental investments, especially in the unit sector.

Chermside, covering about 4 square kilometres, includes 10 parks, which make up nearly 23.6% of its total area. This abundance of green space highlights the suburb's commitment to a healthy, outdoor lifestyle, enhancing its appeal for families and nature enthusiasts.

Chermside's population grew from 8,170 in 2011 to 9,313 in 2016, indicating a 14.0% increase. The predominant age group is 20-29 years, with many residents working in professional occupations. The median household income in 2016 was $1,242 per week, reflecting the suburb's economic health.

Chermside's focus on environmental sustainability is evident in its large green spaces and parks. Future urban planning is likely to prioritise environmental impacts, aiming to maintain a balance between development and sustainability.

Adjacent to Chermside are several vibrant suburbs, each offering their own unique character. Areas like Aspley, Kedron, and Wavell Heights provide diverse real estate opportunities, appealing to those seeking lifestyle choices near Chermside's energetic urban charm.