Cherrybrook

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 0.95%.

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 $1100 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 59.3 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 $2,382,500.

CHERRYBROOK ranks 913th on the list of best yielding suburbs for rental properties in NSW, posting a 2.4% return.

Surburb overview

Cherrybrook, located in the north-western suburbs of Sydney, lies approximately 29 kilometres from the Sydney Central Business District (CBD) and about 12 kilometres from Parramatta CBD. The suburb is part of the Hornsby Shire local government area and is often associated with the Hills District of Sydney.

As per the 2021 Census, Cherrybrook had a population of 19,082 residents. The demographic profile indicates a median age of 43 years, with 46.4% of residents born in Australia. Significant communities from China (9.6%), India (8.8%), and the United Kingdom (3.4%) contribute to the suburb's multicultural character. Languages spoken at home include English (48.7%), Mandarin (12.7%), and Cantonese (7.0%).

Public transportation in Cherrybrook is facilitated by the Cherrybrook Metro Station, part of the Sydney Metro North West Line, providing access to Chatswood and beyond. Additionally, bus services such as routes 600, 620x, and 642x connect residents to various parts of Sydney, including direct routes to the CBD.

Essential amenities are available at Cherrybrook Village Shopping Centre, which hosts over 50 specialty stores, including a Woolworths supermarket, cafes, and various service providers. The suburb also offers educational institutions, such as Cherrybrook Technology High School and John Purchase Public School, catering to the local community's academic needs.

Recreational activities in Cherrybrook are supported by facilities such as Greenway Park, which includes sports fields and a dog park, and the Lakes of Cherrybrook, offering walking trails and natural scenery. These amenities contribute to the suburb's appeal for families and individuals seeking a balance between urban convenience and natural surroundings.

You’re out of free articles for this month
Loading form...