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Chermside suburb profile

Chermside is a bustling suburb located approximately 10km north of Brisbane's CBD, renowned for its vibrant shopping and entertainment scene. Home to Westfield Chermside, one of Australia's largest shopping centres, the suburb offers a plethora of retail, dining, and leisure options. Chermside is well-connected by public transport and major roads, making it a convenient hub for commuters. The suburb also features extensive parklands, including the popular 7th Brigade Park, providing ample recreational opportunities. With a mix of residential options, from apartments to family homes, Chermside appeals to a diverse range of residents seeking urban convenience and lifestyle amenities.

Chermside property market performance

Chermside’s property market has experienced significant growth over the past 12 months, with both houses and units seeing substantial increases in value. House values have risen by 12.2%, bringing the median house price to $885,000, while unit values have surged by 25.5%, with the median unit price reaching $653,500.

Sales activity has been robust, with 16 houses and 49 units sold over the past 12 months. Both houses and units are selling quickly, with a median of just 14 days on the market, indicating strong demand across the board.

The rental market in Chermside has also seen notable changes, with average rents for both houses and units at $600. House rents have increased by 5.3%, while unit rents have jumped by 11.6%, reflecting a strong rental demand, particularly for units.

Median price - houses$885KPast 3 months

Median price - units$654KPast 3 months

Change in value - houses12.2%12 months

Change in value - units25.5%12 months

Houses sold16Past 3 months

Units sold49Past 3 months

Median DOM - houses14Past 12 months

Median DOM - units14.5Past 12 months

Average rent - houses$600Past 12 months

Average rent - units$600Past 12 months

Change in rent - houses5.3%Past 12 months

Change in rent - units11.6%Past 12 months

Chermside demographics

Chermside, located in Brisbane's northern suburbs, is a bustling area known for its shopping, healthcare facilities, and convenient access to the city. With a population of 11,426 and a median age of 35, Chermside attracts a mix of young professionals, families, and retirees. The suburb's vibrant atmosphere is complemented by the presence of Westfield Chermside, one of Australia's largest shopping centres, offering a wide range of retail, dining, and entertainment options.

Housing in Chermside is predominantly rental-based, with 66.5% of properties being rented. This high rental rate reflects the suburb's appeal to those seeking flexible living arrangements, including students and professionals. The community is diverse, with couple families without children making up 48.9% of the population, followed by couple families with children at 26.9% and one-parent families at 19.8%. This mix of family types contributes to a dynamic and inclusive community atmosphere.

Chermside's workforce is varied, with many residents employed in healthcare, retail, and professional services, thanks to the suburb's proximity to major employment hubs and the Prince Charles Hospital. The median total household income of $1,419 per week indicates a moderate economic standing, making Chermside an attractive option for those seeking affordability without sacrificing access to amenities and services. Overall, Chermside offers a balanced lifestyle with its blend of urban convenience and suburban charm.

Chermside infrastructure, key developments and investment opportunities

Chermside is undergoing significant development that is enhancing its appeal as a mini-CBD north of Brisbane. The ongoing expansion of Westfield Chermside, already one of Australia's largest shopping centers, continues to boost the area's retail and entertainment offerings. Recent upgrades to public transport infrastructure, including improvements to bus services and plans for a future Northern Busway, are set to further improve connectivity to Brisbane CBD and surrounding areas.

The healthcare sector remains a major driver of growth, with ongoing expansions at The Prince Charles Hospital and other medical facilities creating job opportunities and increasing demand for nearby housing. New high-density residential developments around the Westfield precinct are changing the suburb's skyline and providing more housing options. These projects, combined with Chermside's strategic location and extensive amenities, are likely to sustain strong interest in the local property market from both investors and owner-occupiers.

Chermside rental market trends

The rental market in Chermside has shown moderate growth, with house rents increasing by 5.3% over the past year to $600 per week, while unit rents have seen a more significant rise of 11.6%, also reaching $600 per week. With its strategic location and ongoing development, Chermside continues to attract both renters and investors seeking a balanced suburban lifestyle with urban conveniences.

Suburbs near Chermside

Some popular suburbs near Chermside include:

  • Aspley: Known for its family-friendly atmosphere and convenient shopping options, Aspley is located directly north of Chermside.
  • Wooloowin: Featuring charming heritage homes and a strong community vibe, Wooloowin is situated to the south of Chermside.
  • Nundah: Known for its vibrant village atmosphere and excellent transport links, Nundah lies to the southeast of Chermside.
  • Clayfield: Offering a mix of historic and modern homes with leafy streets, Clayfield is located to the south of Chermside.
  • Everton Park: Known for its parks and growing dining scene, Everton Park is situated to the west of Chermside.

Common questions about Chermside

  • Is Chermside a nice place to live?

    Chermside is a fantastic suburb that offers a vibrant and dynamic lifestyle, making it a delightful place to call home. Known for its bustling atmosphere, Chermside is a hub of activity with a lively shopping and entertainment scene that caters to a diverse range of residents. The suburb's proximity to Brisbane's CBD, combined with excellent public transport links, makes it an ideal location for those who value convenience and accessibility. Families will find Chermside particularly appealing, as it offers a variety of housing options, from spacious family homes to modern apartments, ensuring that there is something to suit every need.

    The suburb's vibe is characterized by its energetic and inclusive community, where people from all walks of life come together to enjoy the many amenities on offer. Chermside is home to extensive parklands, providing ample opportunities for outdoor recreation and relaxation, which is perfect for families looking to spend quality time together. Safety is generally not a major concern, and the suburb's well-maintained public spaces contribute to a sense of security and community well-being.

    While Chermside offers a vibrant lifestyle with plenty of amenities, there are some trade-offs to consider. The ongoing development and high-density residential projects may lead to increased traffic and congestion, particularly around the Westfield precinct. Additionally, the suburb's popularity means that housing demand can be high, potentially impacting affordability for some. However, for those who prioritize urban convenience and a lively atmosphere, Chermside is a wonderful place to live, offering a balanced lifestyle with a mix of suburban charm and city-like amenities.

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  • Is it expensive to live in Chermside?

    Living in Chermside can be quite costly, especially when considering the current property market. The median house price in Chermside is around $925,000, while units are priced at a median of $635,000. For those looking to rent, the average rental price for houses is approximately $600 per week, and units are slightly less at $595 per week. These figures indicate that housing costs in Chermside are significant and could take up a large portion of one's income.

    When comparing the average wage in Chermside, which is about $92,000 per year, to the median total household income of $1,419 per week, it's evident that living expenses, particularly housing, can be a substantial financial commitment. This is especially true when compared to the average income levels in Brisbane. While Chermside offers the convenience of being close to the city and has a range of amenities, the financial demands of living here are something to consider if you're planning to make it your home.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Chermside a good place to invest?

    Chermside is showing promising signs as a suburb worth considering for investment. Over the past year, the median house value in Chermside has increased by 14.3%, while unit values have surged by an impressive 24.1%. This indicates strong demand and a healthy property market, making it an attractive option for those looking to invest in real estate.

    In addition to property value growth, rental returns in Chermside have also seen significant increases. House rents have risen by 9.1%, and unit rents have jumped by 14.4% over the last 12 months. This suggests a robust rental market, which is great news for investors seeking steady rental income.

    Overall, Chermside offers a compelling mix of capital growth and rental yield potential. Its recent performance in both property values and rental returns highlights its appeal to both buyers and renters. For those looking to invest in a suburb with strong growth prospects and a vibrant rental market, Chermside is definitely worth considering.

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