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Cherrybrook

Suburb Profile

Cherrybrook - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2126

house
unit

Property investments in CHERRYBROOK fare well against the rest of the country last year, registering a median home price increase of 7.14%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CHERRYBROOK, 2126 saw average growth in the long term.

Real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 41.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,500,000.

CHERRYBROOK ranks 884th on the list of best yielding suburbs for rental properties in NSW, posting a 2.6% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,500,000 $1,020,000
GROWTH REPORT
Median Quarterly 0% 1.9%
Median 12 month 7.14% 6.58%
Median 3 years -3.23% -2.86%
Median 5 years 14.5% 9.91%
10 years average annual 7.68% 7.63%
Weekly media advert. rent $750 $610
Time on Market 41.4 days 50.8 days
Gross Rental Yield Percent 2.6% 3.11%
demographics (median values)
Total Population
18493
Weekly Household Income
1857
Household Size
3.20
demographics
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