Property value increases in Cherrybrook have tracked just lower than the NSW average of 6.87% over the last 12 months.
The five-year average increase in median property values for Cherrybrook,2126 has given property investors a potential capital gain of 86.79% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Cherrybrook itself are offering an average vendor discount of -4.41% to real estate investors.
In the last year 202 properties changed hands in Cherrybrook, which puts it as the 62th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $9120 per annum or $760 every week.
At number 963th in the list of Australian suburbs ordered by increase in median house value over the last year, Cherrybrook, 2126 is in the BOTTOM 50% with a property value increase of 1.28% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Cherrybrook,2126 has racked up an average of 1.28% over the period. This ranks it number 132th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cherrybrook, 2126. Typically our figures indicate that -2.94% is being offered, which puts this NSW suburb at 1335th most discounted overall in Australia.
Residents and property investors in Cherrybrook have been waiting around 53.25 days to sell a property.
With the median price for a house in Cherrybrook being $950000 and the advertised rent reaching $640 the gross rental yield for property investors calculates out to be 3.50%