Get a property report and suburb profile for any property in Chermside

Chermside in north Brisbane is built around a large retail and health precinct, anchored by Westfield Chermside and The Prince Charles Hospital. Residential streets radiating from the centre mix low-set post-war brick homes with medium-density apartments and townhouses, so there are both quieter, family-oriented pockets and busier, transit-oriented corners. Parks, sporting fields and local cafes sit close to a busy bus interchange and Gympie Road, which together make day-to-day errands and access to services straightforward.

The suburb is home to 11,426 people with a median age of 35 and a typical household income of $1,419 a week (roughly $73,800 a year). Households are dominated by couple families, and two-thirds of dwellings are rented, so the housing mix suits both renters and owner-occupiers. Major precinct projects are shaping the area, including an expansion of the hospital, plans to redevelop the aquatic centre and a social and affordable housing development, so whether Chermside suits you will come down to whether you value that practical, well-served suburban base.

Buying in Chermside sits well above what local households earned at the last Census. A median house at $1,210,000 is about 16.4 times a typical local annual household income at the last Census, and the median unit at $842,000 is about 11.4 times that income.

Renting also takes a large share of local income: house rent of $690 a week is about 48.6% of a typical local household's weekly income at the last Census, while unit rent of $645 a week is about 45.5% of that weekly income. If you are renting rather than buying, the rent share is the number that matters; if you are buying, the price multiple is the figure to consider. Whether these levels feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Values for both houses and units in Chermside rose strongly over the past 12 months, with house values up 19.8% and unit values up 19.9%. The figures point to pronounced capital growth for the year, and the uplift was essentially the same across houses and units.

Rents also moved higher, though by a smaller margin: house rents increased 9.5% and unit rents rose 7.5% over the same period. If rental income is your priority, house rents improved more than unit rents this year; if capital growth matters more, both property types showed similarly large gains. Whether that mix fits your plans depends on your own objectives and circumstances.

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.