The apartment market across Chermside has demonstrated a solid period of capital appreciation. Since 2002, the median price of an apartment in Chermside has grown by 14.2% per annum. More recently, between January 2004 and July 2009, an average annual growth in median price of 15.6% has been recorded – which is a particularly strong result. There are a handful of near-city suburbs which are currently undergoing urban transformations similar to Chermside. The key fundamental differences between these areas and Chermside are that Chermside is already home to a high level of retail, transport, employment and recreational nodes – all of which underpin dwelling demand and price growth.*

*Source: Resolution Research

The State Government has projected that Queensland’s population will grow by a further 1.54 million people over the next two decades. Chermside is one of Brisbane’s major urban development growth areas with broad appeal for professionals, investors and first home buyers. Significant investment in local infrastructure, both underway and planned, is driving a new wave of economic growth, employment opportunities and improved lifestyle conditions. With over 20 years of experience in the building and development industry, Carbone Developments have a reputation for building distinctive apartments that meet the needs of the market. Read more on Carbone Developments.