Vern Fitzgerald
Victoria Point, QLD+13
Brisbane · North Brisbane
Often called the 'mini-CBD' of Brisbane's north, Chermside is a vibrant, high-amenity suburb defined by its major retail, healthcare, and transport infrastructure. It offers a dynamic blend of housing, from post-war family homes on quiet streets to modern high-density apartments, attracting a diverse mix of residents including young professionals, healthcare workers, families, and downsizers seeking convenience.
Market snapshot
Price register · May 2026
Median house
$1.10M - $1.45M
Mid-band $1.27Mspread 27%
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Median unit
$650,000 - $875,000
Mid-band $763Kspread 30%
Days on market
~11-27 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
57% to 67%
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
2.1% to 3.1%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+48% to +68%
cumulative since 2021Who buys here
Young professionals · Healthcare workers · First home buyers
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Chermside property market is characterized by strong, sustained growth and a dual-identity as both a traditional suburb and a high-density urban hub. Anchored by the immense Westfield Chermside shopping centre and the major Prince Charles and St Vincent's Private Hospital precinct, the suburb benefits from permanent employment drivers that insulate it from broader market volatility. This is reflected in a very low vacancy rate, often sitting below 1%, which creates a robust environment for investors, particularly in the unit market where rental yields are notably strong for Brisbane at around 4.0%.
In the past year, house prices have seen a significant uplift of 15.0%, reaching a median of $1.27 million. This trajectory is not a recent phenomenon; the five-year cumulative growth stands at an impressive 58.0%, demonstrating Chermside's long-term appeal. The unit market has performed even more strongly in the last 12 months, with an 18.4% surge to a median of $765,000, driven by demand from healthcare workers, young professionals, and downsizers seeking low-maintenance living with high amenity. Properties are selling quickly, with houses averaging just 19 days on market, indicating that buyer demand consistently outstrips supply.
The market's structure is unique. While leafy pockets contain post-war homes on generous 600sqm+ blocks, attracting renovators and families, the Gympie and Hamilton Road corridors are dominated by medium to high-density apartment buildings. This high proportion of unit stock (around 78% of dwellings) and a large renter population (over 60%) means the suburb is highly sensitive to rental market cycles and interest rate changes. However, the constant influx of residents drawn by employment and convenience has historically absorbed new supply, maintaining price pressure. Future infrastructure upgrades, including the Northern Busway, will only enhance connectivity and continue to fuel demand, cementing Chermside's status as a key growth node in Brisbane's northern corridor.
Anchored by major employment hubs and retail, Chermside offers a rare combination of strong capital growth and some of North Brisbane's best rental yields.
Why a buyers agent
In a market as diverse as Chermside, a buyer's agent provides a critical edge. The suburb is a patchwork of old and new, with property values varying dramatically from one street to the next. An agent with local expertise can distinguish between a quiet, family-friendly pocket and a street zoned for future high-density development that could impact lifestyle and capital growth. They possess off-market knowledge, particularly for sought-after properties near the hospital precinct which are in high demand from investors and see very low vacancy rates. With annual growth at 15.0%, sellers are confident and pricing can be ambitious. An experienced agent can cut through the hype, providing objective analysis on value and negotiating effectively in a fast-paced environment where the best properties sell in under three weeks. They also help navigate the complexities of a unit-heavy market, identifying quality buildings with healthy body corporates versus those with potential issues.
With two major hospitals (Prince Charles and St Vincent's Private) and one of Australia's largest Westfield shopping centres, Chermside provides thousands of local jobs, ensuring consistent rental demand and a stable local economy.
As a designated 'mini-CBD', residents have almost every conceivable amenity at their doorstep, from retail and dining to healthcare, cinemas, and extensive parklands. This level of convenience is rare in a middle-ring suburb.
The Northern Busway offers a fast, traffic-free commute to the Brisbane CBD, while its position on Gympie Road provides easy arterial access across the city and to the airport, making it ideal for commuters.
The suburb has a proven track record of strong capital growth for both houses and units, alongside some of the most attractive rental yields for a major Brisbane hub, making it a compelling choice for investors and homeowners alike.
Compare
| Metric | This suburbChermside | NearbyAspley |
|---|---|---|
| Median house | $1.10M - $1.45M | $1.10M - $1.50M |
| Median unit | $650,000 - $875,000 | $725,000 - $975,000 |
| Auction clearance | 57% to 67% | — |
| Days on market | ~11-27 days | ~13-29 days |
| Year-on-year growth | +10% to +20% | +11% to +21% |
| 5-year growth | +48% to +68% | +76% to +96% |
| Rental yield | 2.1% to 3.1% | 2.5% to 3.5% |
| Postcode | 4032 | 4034 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Chermside is a key commercial and residential hub located approximately 10 kilometres north of the Brisbane CBD. Often described as a 'mini-city', its identity is anchored by Westfield Chermside, one of Australia's largest shopping centres, which offers an extensive array of retail, dining, and entertainment options including a 16-screen cinema complex.
The suburb is a major employment node, home to The Prince Charles Hospital and the adjacent St Vincent's Private Hospital, making it a popular choice for healthcare professionals. This contributes to a diverse demographic of young professionals, singles, and established families.
Educational needs are met by local schools such as Craigslea State School and Craigslea State High School, with Wavell State High School also servicing the area. For recreation, residents have access to significant green spaces, including the expansive 7th Brigade Park and Marchant Park, which offer sports fields, playgrounds, and walking paths along Downfall Creek. The Chermside Aquatic Centre is another popular community facility.
Transport is a key feature of the suburb's convenience. The Chermside Bus Interchange, integrated with Westfield, is a major hub for the Northern Busway, providing frequent and direct services to the Brisbane CBD and surrounding suburbs. Its location along Gympie Road also provides residents with easy arterial access to the city, the Brisbane Airport (a 15-minute drive), and the Sunshine Coast via the M1.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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