304/24 Zenith Avenue, Chermside QLD 4032
304/24 Zenith Avenue, Chermside QLD 4032
2 bed 2 bath 1 car | Chermside urban hub | sold $695k Apr 2026 | investor demand | low-maintenance unit
The property is positioned within a service-rich pocket of Chermside, where apartment living is supported by walkable access to Westfield Chermside and major health infrastructure. A practical configuration of two bedrooms, two bathrooms, and a single secure car space is offered, which is seen as a strong balance for downsizers and first-home buyers. A low-maintenance lifestyle is provided by the unit’s location within a mature residential corridor, and this is well suited to professionals and medical workers. The recent transaction at $695,000 is regarded as a competitive entry point for a well-configured apartment in this suburb.
Perceived value may be affected by unit-specific factors such as floor level and aspect. Lower levels may be preferred for ease of access, while higher floors might be sought for views. The medium-density setting might be viewed as a limitation by some buyers, though it is offset by convenience. Pricing may also be influenced by shifting demand in the Chermside apartment market.
>> Comparable Sales: 14/42 Curwen Terrace sold $665,500 Sep 2024 | Property Price Band: $600K–$700K | Value Drivers: location convenience, practical layout, secure parking
Detailed Independent Property Report prepared by PropCred Analyst team for 304/24 Zenith Avenue, Chermside QLD 4032
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
!
1
Execution Risk
!
1
Market Insight
Chermside is positioned as a high-density suburban hub, with 11,409 residents predominantly singles renting apartments, and clerical and administrative workers forming the core buyer cohort. Houses are transacting around a $1.2 million median, with annual growth ranging from 15.79% to 23.4% across recent sources; units sit near $830,000, showing 13.8%–24.4% growth. Market conditions are tight: houses sell in 18 days, units in 16, with 251 units traded over the past year. Demand is underpinned by rental momentum, house rents up 10% to $660 weekly and units up 5.2% to $610, while unit yields near 4.5% attract investors. Future growth is supported by Brisbane City Council’s continued push for high-density residential and commercial development, plus the refurbished Chermside shopping centre. The primary constraint is affordability, given house prices have outpaced yield outcomes at 2.7%–3.25% gross, leaving limited near-term correction buffer.