CHERMSIDE URBIS OUTLOOK
Chermside offers local access to employment, health, retail, education and lifestyle activities, paired with strong transport connectivity.
STRATEGIC LOCATION: Chermside offers a wealth of lifestyle, amenity and connectivity.
INFRASTRUCTURE INVESTMENT: The Chermside Catchment benefits from health, education and transport infrastructure.
SALE PRICE GROWTH: The Chermside Catchment median apartment sale price has increased 9.8% over the past 12 months.
RENTAL PREMIUMS: New apartments in the Chermside Catchment are achieving a rental premium of up to 34% over established dwellings within the same catchment.
KEY INFRASTRUCTURE:
• Westfield Chermside Expansion - $50M
• Transapex Master Plan Updrage - $10M
• Prince Charles Hospital - 630 Beds, 3,500 Staff
• Holy Spirit Northside Private Hospital - 227 Beds, 650 Staff
APARTMENT SALES & RENTAL ANALYSIS:
• Apartments in the Chermside Catchment are $166,084 more affordable than Inner Brisbane - this price difference is likely to drive future demand for apartments in the Chermside Catchment.
• The Chermside Catchment is achieving tighter vacancies and higher rental yields than Inner Brisbane.
• Proximity to premium education, employment and lifestyle amenity has been driving rental demand within the Chermside Catchment. |
