Suburb Profile Report for Cherrybrook NSW (2126)

Cherrybrook House: Median price $1,380,000, Annual capital growth 8.84%, Number of sales 198, Weekly median advertised rent $775

Cherrybrook Unit: Median price $942,750, Annual capital growth 8.10%, Number of sales 49, Weekly median advertised rent $638

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$1,380,000 $942,750
0.73% 0.51%
6.56% 1.59%
8.84% 8.10%
$775 $638
198 49
2.92% 3.52%
54.41 57.76

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 18779
Median household income ($/weekly) 2267
Median age of persons 40
Median housing loan repayment ($/monthly) 2600
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 2651 14.1
    15-19 years 1692 9.0
    35-44 years 2452 13.1
    45-54 years 3352 17.9
    55-64 years 2511 13.4
    Others 6119 32.6
    Age Group
    Census Count Percent(%)
    Registered Married 8788 61.2
    Not Married 5267 36.7
    Defacto Relationship 299 2.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 10078 55.3
    Croatia 683 3.7
    Indonesia 887 4.9
    United Kingdom 923 5.1
    Other 1272 7.0
    Others 4378 24.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 896 5.0
    Christianity 11913 66.8
    Hinduism 1009 5.7
    Islam 447 2.5
    No Religion 3217 18.0
    Others 347 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 575 11.1
    $2,000-$2,499 483 9.3
    $2,500-$2,999 823 15.9
    $3,000-$3,499 572 11.1
    $4,000 or more 624 12.1
    Others 2091 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6187 41.5
    Not in the labour force 4714 31.6
    Employed, worked part-time 3055 20.5
    Unemployed, looking for work 509 3.4
    Employed, away from work 431 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1645 17.0
    Professionals 3268 33.8
    Technicians & trades workers 821 8.5
    Clerical & administrative workers 1576 16.3
    Sales 887 9.2
    Others 1472 15.2
    Occupation
    Census Count Percent(%)
    Pre-school 348 6.1
    Infants/Primary 1613 28.1
    Secondary 1922 33.5
    Technical or Further Educational Institution 358 6.2
    University or other Tertiary Institutions 1397 24.4
    Others 98 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15611 86.8
    Semi-detached, row or terrace house, townhouse 2164 12.0
    Flat, unit or apartment 206 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2660 46.6
    Fully owned 2322 40.6
    Rented 666 11.7
    Other tenure type 65 1.1
    Tenure Type
Census 2011, ABS
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