Suburb Profile Report for Sherwood QLD (4075)

Sherwood House: Median price $900,500, Annual capital growth 4.54%, Number of sales 85, Weekly median advertised rent $490

Sherwood Unit: Median price $455,000, Annual capital growth 3.02%, Number of sales 63, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$900,500 $455,000
-2.12% -0.55%
0.61% -1.73%
4.54% 3.02%
$490 $395
85 63
2.83% 4.51%
81.96 85.06

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4997
Median household income ($/weekly) 1720
Median age of persons 36
Median housing loan repayment ($/monthly) 2210
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 663 13.3
    25-34 years 722 14.4
    35-44 years 808 16.2
    45-54 years 713 14.3
    55-64 years 529 10.6
    Others 1563 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 1843 50.6
    Not Married 1454 39.9
    Defacto Relationship 348 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3591 76.4
    Indonesia 68 1.4
    Papua New Guinea 145 3.1
    United Kingdom 285 6.1
    Other 179 3.8
    Others 431 9.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 85 1.9
    Christianity 3111 69.0
    Hinduism 76 1.7
    Islam 37 0.8
    No Religion 1164 25.8
    Others 37 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 193 11.5
    $2,000-$2,499 143 8.5
    $2,500-$2,999 213 12.6
    $3,000-$3,499 171 10.1
    $4,000 or more 140 8.3
    Others 825 49.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1688 44.6
    Not in the labour force 1044 27.6
    Employed, worked part-time 802 21.2
    Employed, away from work 141 3.7
    Unemployed, looking for work 112 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 347 13.2
    Professionals 1000 38.0
    Technicians & trades workers 213 8.1
    Community & personal service workers 235 8.9
    Clerical & administrative workers 417 15.9
    Others 418 15.9
    Occupation
    Census Count Percent(%)
    Pre-school 78 6.1
    Infants/Primary 444 34.4
    Secondary 278 21.6
    Technical or Further Educational Institution 74 5.7
    University or other Tertiary Institutions 387 30.0
    Others 28 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3490 75.0
    Semi-detached, row or terrace house, townhouse 609 13.1
    Flat, unit or apartment 552 11.9
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 670 36.3
    Being purchased 587 31.8
    Fully owned 580 31.5
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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