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Cherrybrook
AREA REPORTS

Cherrybrook

Cherrybrook - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2126

house
unit

Property investments in CHERRYBROOK did not fare well against the rest of the country last year, registering a median home price decrease of 16.67%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, 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 $780 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 42.4 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 $1,750,000.

CHERRYBROOK ranks 919th on the list of best yielding suburbs for rental properties in NSW, posting a 2.32% return.

Data report can be found below

Cherrybrook
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,750,000 $1,045,000
GROWTH REPORT
Median Quarterly 7.69% 1.57%
Median 12 month 16.67% 4.4%
Median 3 years 16.67% 7.73%
Median 5 years 27.74% 12.37%
10 years average annual 9.29% 6.99%
Weekly media advert. rent $780 $650
Time on Market 42.4 days 30.9 days
Gross Rental Yield Percent 2.32% 3.23%
demographics (median values)*
Total Population
18765
Weekly Household Income
2443
Household Size
3.20
Age
42
Monthly Loan Repayment
2500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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