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Cherrybrook Suburb Insights
VICLocation Information
Suburb Name
Cherrybrook, VIC
Distance from CBD
11.7 kmDemographics
Population
18,765
Median Income
$39,936
Area Information
Area
8.26 km²
Population Density
2272 people/km²
Property Market
Median Price
$619,955
Annual Growth
+15.2%Property Price Trend Analysis
Current Median Price
$619,955
Annual Growth
+15.2%
Quarterly Growth
+4.7%
Price Trends - Last 6 Months
2024-01
$485,318
+10%2024-02
$592,176
+11.5%2024-03
$967,437
+12.2%2024-04
$1,021,736
+15.7%2024-05
$539,539
+9.1%2024-06
$840,584
+12.3%Property Type Price Analysis
House
Median Price
$1,116,381
Growth Rate
+9.7%Available Listings
137 properties
Apartment
Median Price
$676,314
Growth Rate
+16.5%Available Listings
753 properties
Townhouse
Median Price
$971,788
Growth Rate
+7.3%Available Listings
104 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy