If you compare the increase in value of investment property in Cherrybrook, 2126 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.56%.
Over the longer term, Cherrybrook has seen property prices show investors a 66.27% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Cherrybrook should be aiming for at least -4.78% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Cherrybrook the average time real estate has been on the market is 54.41 days.
A $775 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 8.84%.
Cherrybrook is in the bottom 30% in NSW when comparing median price capital growth over the last year. Cherrybrook gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.59%.
A 66.86% growth in median value for property investors in Cherrybrook,2126 puts this suburb at number 276th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Cherrybrook is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 265th in terms of most discounted suburbs in NSW
Cherrybrook is 474th on a list of best yielding suburbs for rents in NSW with a 3.52% return