NSW has seen average median house prices change by 9.74% which means that Cherrybrook, 2126 has done well for property investors by showing a capital gain of 8.69% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cherrybrook has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.77% to buyers in Cherrybrook at the moment, which is less than average for the rest of NSW.
Property investors should expect to get $750 weekly from the median priced house in this suburb.
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 6.24%.
If we look at median property appreciation over just the last three months, Cherrybrook has given property investors a paper return of 4.17%. This puts Suburb as 158 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Cherrybrook are currently offering property investors an average price cut of -2.35% below the asking price at the moment.
With the median price for a house in Cherrybrook being $1000000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.38%