Is Chermside a nice place to live?

Chermside is centred on Westfield Chermside and The Prince Charles Hospital, with a busy Gympie Road commercial spine and a major bus interchange. The community has many renters and couple families without children make up 48.9% of families; parks and sporting fields, a walkable mix of cafes, restaurants and everyday services, and clustered retail, medical and civic amenities mean routine errands are straightforward. The Prince Charles Hospital expansion is being delivered under the Queensland Government’s Hospital Rescue Plan, with Building 50 and a new Gathering Garden completed, and the expansion includes at least 93 additional overnight beds.

Is it expensive to live in Chermside?

Rents in Chermside are around $700 a week for houses and $645 a week for units. A typical local household earned about $1,419 a week at the most recent Census, so those rents would take roughly 49% and 45% respectively of a typical local household's weekly income, which is a large share in both cases. Looking at buying, a median house price of $1,310,000 works out to about 17.8 times a typical local annual household income, and a median unit price of $834,500 is about 11.3 times. On the figures, buying sits well above local incomes and renting would also take a large share of a typical household's income; whether that feels expensive depends on your own circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Chermside a good place to invest?

Over the most recent 12 months Chermside's unit values climbed 20.6% and house values rose 15.0%. Over the same period house rents increased 8.5% while unit rents rose 7.5%. For both property types capital growth outpaced rental income: house values rose by a larger margin than house rents, and the gap between value and rent movement was even wider for units. Units recorded the largest value change of the four figures on this page. These are the movements that relate to capital growth (values) and rental income (rents) when considering Chermside as an investment. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Chermside suburb profile

Chermside is a north Brisbane suburb centred on the large Westfield Chermside shopping centre and The Prince Charles Hospital. A busy commercial spine along Gympie Road meets a major bus interchange, giving the area a practical, service-rich character with retail, medical and civic amenities clustered around the town hub.

Beyond the commercial heart are tree-lined residential streets featuring postwar cottages, low-set brick homes and medium-density apartment complexes closer to the shops. Parks and sporting fields punctuate the neighbourhood, and a walkable mix of cafes, restaurants and everyday services makes routine errands straightforward.

Chermside property market performance

Current median dwelling price$1,072,250Past 3 months

Property growth+17.8%Past 12 months

Chermside's median house price is $1.31 million, up 15.0% over 12 months, a strong rise, although that house median is based on only 13 sales over the last 3 months. The median unit price is $834,500, up 20.6% over 12 months, a sharp rise. Unit values rose faster than house values, and both property types sold in much the same time.

In Chermside, unit rents rose 7.5% over 12 months, a notable rise, and unit values ran ahead of rents.

	Houses	Units
Median price Past 3 months	$1.31M	$835K
Change in value Past 12 months	15.0%	20.6%
Sold Past 3 months	13	46
Median days on market Past 12 months	17	16
Average rent Past 12 months	$700	$645
Change in rent Past 12 months	8.5%	7.5%

5 year median price trend for houses and units

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Chermside demographics

Chermside is a community with many renters.

Couple families without children are the largest family group at 48.9%, and one-parent families account for 19.8% of families. At the 2021 Census, 11,426 people lived in Chermside.

Chermside and Queensland

	Suburb	QLD
Median age years	35	38
Median household income weekly	$1,419	$1,675
Couples with children share of families	26.9%	41.2%
Couples without children share of families	48.9%	40.3%
One-parent families share of families	19.8%	16.8%
Homes owned outright share of homes	15.9%	30.1%
Homes with a mortgage share of homes	17.6%	35.6%
Homes rented share of homes	66.5%	34.3%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Chermside infrastructure, key developments and investment opportunities

Chermside’s The Prince Charles Hospital expansion is being delivered under the Queensland Government’s Hospital Rescue Plan, with Building 50 completed in January 2025 and a new Gathering Garden finished in May 2025; the expansion includes at least 93 additional overnight beds. The Brisbane City Council is developing the Chermside Centre Suburban Renewal Precinct plan, with background research and community engagement in early 2026, draft consultation due late 2026 and council and state approval targeted for mid 2027.

The Queensland Government completed the Chermside bus layover at the Gympie Road and Murphy Road intersection in October 2025, providing 12 layover bays with capacity for up to 25 buses during special events. Brisbane City Council closed the procurement for a major Chermside Aquatic Centre redevelopment on 28 April 2026 and listed $3.5 million for the project in the Marchant Ward 2026–27 budget; earlier project material described a modernised 50-metre outdoor pool with a movable wall and a heated 25-metre indoor program pool.

Suburbs near Chermside

Some popular suburbs near Chermside include:

How does Chermside compare to nearby suburbs?

Median house prices: Chermside’s median house price is 1.6% higher than Chermside West’s.
Median unit prices: Chermside’s median unit price is 2.4% higher than Kedron’s.
House price growth: Over the past 12 months, house prices in Chermside have grown 2.2% higher than in Wavell Heights.
Unit price growth: Over the past 12 months, unit prices in Chermside have grown 12.7% higher than in Wavell Heights.
Selling speed for houses: Properties in Chermside are selling 39.3% faster than in Wavell Heights.
Selling speed for units: Properties in nearby Wavell Heights are selling 43.8% faster than in Chermside.
Investment considerations: In Chermside, the rental yield for house is 2.2% lower than the Brisbane average, while the rental yield for units is 2.0% lower.
House price growth: Over the past 12 months, house prices in Chermside have grown 5.4% lower than the average rate of growth across Brisbane.
Unit price growth:Over the past 12 months, unit prices in Chermside have grown 3.7% lower than the average rate of growth for units across Brisbane.

Common questions about Chermside

Is Chermside a nice place to live?
Chermside is centred on Westfield Chermside and The Prince Charles Hospital, with a busy Gympie Road commercial spine and a major bus interchange.

The community has many renters and couple families without children make up 48.9% of families; parks and sporting fields, a walkable mix of cafes, restaurants and everyday services, and clustered retail, medical and civic amenities mean routine errands are straightforward. The Prince Charles Hospital expansion is being delivered under the Queensland Government’s Hospital Rescue Plan, with Building 50 and a new Gathering Garden completed, and the expansion includes at least 93 additional overnight beds.
Is it expensive to live in Chermside?
Rents in Chermside are around $700 a week for houses and $645 a week for units. A typical local household earned about $1,419 a week at the most recent Census, so those rents would take roughly 49% and 45% respectively of a typical local household's weekly income, which is a large share in both cases.

Looking at buying, a median house price of $1,310,000 works out to about 17.8 times a typical local annual household income, and a median unit price of $834,500 is about 11.3 times. On the figures, buying sits well above local incomes and renting would also take a large share of a typical household's income; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Chermside a good place to invest?
Over the most recent 12 months Chermside's unit values climbed 20.6% and house values rose 15.0%. Over the same period house rents increased 8.5% while unit rents rose 7.5%.

For both property types capital growth outpaced rental income: house values rose by a larger margin than house rents, and the gap between value and rent movement was even wider for units. Units recorded the largest value change of the four figures on this page. These are the movements that relate to capital growth (values) and rental income (rents) when considering Chermside as an investment.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Chermside

Choosing the right real estate agent in Chermside can have a big impact on your sale. While there are 114 real estate agents working in the suburb, but just 5 of them were responsible for 26.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.