Chermside Property Market Update 2026
Chermside continues to be a major growth hub in the Brisbane North region, with its population increasing by 22.7% between 2016 and 2021. Covering approximately 4.0 square kilometres, the suburb is notable for its extensive green space, with 10 parks occupying nearly 23.6% of the total area. The local demographic is predominantly aged between 20-29 years, consisting largely of childless couples working in professional occupations. This shift toward a younger, professional population is reflected in a steady owner-occupancy rate of 31.60%
Chermside Property Market Insights – February 2026*
*Updated March 2026
House Market Trends: Strong Annual Growth and High Demand
The house market in Chermside has experienced significant value appreciation, with the median value reaching $1,242,620 in February 2026. This represents a strong annual increase in median value of 23.4%. Over the last 12 months, 94 houses were sold in the suburb, with an upper quartile price point of $1,285,000. Properties are moving efficiently, with a median of 18 days on market and homeowners holding properties for an average tenure of 10.5 years.
For investors, the median asking rent for houses is $650 per week, following an 8.3% increase in rental rates over the past year. The current value-based rental yield for the house sector stands at 3.2%. Supply remains relatively constrained with only 63 new sale listings recorded over the last 12 months, contributing to the total of 80 properties listed in the suburb.
Units and Apartments: Notable Growth and High Performing Rental Yield
Chermside’s unit market remains a high-activity sector, with the median value rising to $830,444 as of February 2026. This reflects a robust annual growth rate of 24.4%, slightly exceeding the growth seen in the housing sector. A total of 251 units were sold during the past year, and the upper quartile price has reached $770,000. Units in Chermside are in high demand, spending a median of just 16 days on market, while the average tenure period for owners is 8.4 years.
The rental market for units is particularly strong, offering a value-based rental yield of 4.5%. The median asking rent is currently $625 per week, despite a slightly more moderate 5.0% change in rental rates over the previous 12 months. With 4,585 total unit dwellings in the suburb and 176 new listings recorded recently, Chermside continues to offer a diverse range of opportunities for both residents and investors.
