Investment property in Sherwood has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.61%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sherwood has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.98% offered to property buyers. Sellers in Sherwood itself are offering an average vendor discount of -5.09% to real estate investors.
Sherwood is in the bottom 40% in QLD when comparing median price capital growth over the last year. Sherwood gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.73%.
Taking the average capital gain, or increase in median house value, Sherwood,4075 has racked up an average of -1.73% over the period. This ranks it number 1294th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Sherwood is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 146th in terms of most discounted suburbs in QLD
A $395 per week rent on the median house gives suburb investors a gross yield of circa 4.51%, without taking into account capital value appreciation, which has been averaging out at 3.02%.