Chermside tipped as one of Brisbane's fastest growing suburbs

Population figures in the Brisbane suburb of Chermside are expected to nearly double by 2036 with an annual population growth rate of 3.1 percent, 1 percent higher than the projected figure for greater Brisbane.

Forecasts from Resolution Research Strategists tip an increase of more than 8,500 residents between 2016 and 2036 in Chermside.

Resolution Research Strategists director Diane Howe said the growth can be attributed to a high level of connectivity with the CBD, major employment, health and education nodes.

"Chermside is one of the top performers in Brisbane's northern CBD and the population is tipped to reach more than 18,500 by 2036," she said.

"It's considered to be one of the biggest employment regions on Brisbane's northside with the Australian Tax Office, Prince Charles Hospital and other auxiliary hospitals and government departments based there. 

"Employment figures are set to grow even more when the redevelopment of Westfield Shopping Centre is completed next year.”

360 Residential Project Marketing sales director Amanda Malady said there is a principle demand for apartment dwellings, particularly from professional workers, university students, young families and retirees.  

"Younger professionals are attracted to the area's proximity to major institutions, workplaces, retail infrastructure and the CBD,” she said.

“There's a 45 luxury apartment project in Woodstore, which is due for completion shortly and is already 95 percent sold.

“Harper on Hamilton (above), a 52 apartment project is due for completion mid 2017 and is 80 percent sold, whilst the boutique 23 apartment development Hallmarque, which is set to commence construction next month, is 85 percent sold.”

It is estimated Chermside has more than $154 million worth of residential building approvals underway.