The owner of this contemporary 99sqm 2-bedroom apartment in Chermside, located 9km north of the Brisbane CBD, is currently accepting offers of $335,000-$365,000 as of the 18th June 2021. This apartment is located on the 5th floor of the Central Park North complex. The property last sold in 2006 for $370,000 and the vendor is hoping the price is right to attract offers.
This apartment could suit either an investor or owner-occupier, as it is situated in a convenient location. Within walking distance, the dweller can discover an aquatic centre, services club, library, Westfield shopping centre and a bus interchange offering direct links to the Brisbane CBD are all within walking distance. Younger and higher-income residents are attracted by cafes, restaurants and bars.
The recently repainted apartment features high ceilings, an abundance of natural light and large open-style living space allow for a peaceful environment. One of the bedrooms includes balcony access while the other master bedroom features an ensuite and a walk-in wardrobe. The property is fully air-conditioned with a gourmet kitchen and a contemporary main bathroom with a hidden laundry and a combined bath and shower. Completing this home, the complex offers the owner a secure car park and sauna facilities.
Now, let’s look at SQM’s numbers to gauge the property's financial appeal. The vacancy rate sits at 0.9% in postcode 4032, below Brisbane’s overall vacancy rate of 1.3%. Asking rents for 2-bedroom units in postcode have increased by 3.8% over the year to 28 June, while weekly rental listings have fallen. The gross rental yield is currently 5.2%. The asking sale price for 2-bedroom units has risen a modest 0.4% over the last 12 months, lagging behind the national property market boom, possibly reflecting unit oversupply.
Over the longer term, property demand in this postcode is likely to remain strong given its convenient location to the Brisbane CBD and the area's growing appeal and affluence, with a much higher weekly family income than the Queensland average. You can view recent sales in 4032 here.
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