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Cherrybrook suburb profile

Cherrybrook is a picturesque suburb located in the Hills District of Sydney, approximately 27km northwest of the CBD. Known for its leafy streets and family-friendly environment, Cherrybrook offers a peaceful suburban lifestyle with excellent amenities. The suburb is home to quality schools, including Cherrybrook Technology High School, and features a variety of parks and recreational facilities. Cherrybrook Village Shopping Centre provides convenient local shopping, while the nearby Metro station ensures easy access to the city. With its blend of modern homes and established residences, Cherrybrook remains a popular choice for families and professionals seeking a tranquil yet connected community.

Cherrybrook property market performance

Current median dwelling price$1,734,000Past 3 months

Property growth+4.2%Past 12 months

Cherrybrook’s property market has shown modest growth over the past 12 months, with house values increasing by 1.4%. The current median house price stands at $2.25 million. The unit market, although limited in activity, has seen a significant 13.4% increase in value, despite the median unit price being recorded as $0 due to minimal sales.

In terms of sales activity, 39 houses were sold over the last 12 months, with a median time on market of 47 days, indicating a steady demand. The unit market saw only 3 sales, reflecting its limited size and activity.

The rental market in Cherrybrook has experienced a notable increase, with house rents rising by 11.3% over the past year, reaching an average of $1,100 per week. The unit rental market remains inactive, with no recorded changes.

HousesUnits
Median price
Past 3 months
$2.38MN/A
Change in value
Past 12 months
0.0%8.3%
Sold
Past 3 months
292
Median days on market
Past 12 months
50N/A
Average rent
Past 12 months
$1100N/A
Change in rent
Past 12 months
10.2%N/A

5 year median price trend for houses and units

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Cherrybrook demographics

Cherrybrook, located in the Hills District of Sydney, is a suburb that offers a serene and family-friendly environment. Known for its leafy streets and spacious homes, Cherrybrook is particularly appealing to families, as evidenced by the 60.8% of couple families with children. The suburb's median age of 43 suggests a mature community, with many residents likely enjoying the stability and amenities that Cherrybrook provides.

The suburb boasts a high median total household income of $2924 weekly, reflecting the affluence and economic stability of its residents. Property ownership is strong in Cherrybrook, with 40.6% of homes owned outright and 44.1% owned with a mortgage. This high rate of home ownership indicates a stable and established community, with many residents likely having lived in the area for a significant period.

Rental properties make up only 15.3% of the housing market, highlighting Cherrybrook's appeal to those seeking long-term residence rather than transient living arrangements. The suburb's excellent schools, parks, and community facilities further enhance its attractiveness to families. With its combination of natural beauty, strong community ties, and convenient access to Sydney's amenities, Cherrybrook is a desirable location for those seeking a balanced and fulfilling lifestyle.

Cherrybrook infrastructure, key developments and investment opportunities

Cherrybrook has seen a focus on maintaining its established community amenities, with no major new infrastructure or redevelopment projects announced recently. The Cherrybrook Village Shopping Centre, previously upgraded, remains a central local hub, offering a diverse range of retail and dining options that benefit local residents and enhance livability.

Several highly regarded schools, including Cherrybrook Technology High School and local primary schools, continue to attract families and support strong demand for homes in the suburb. Public transport access via bus routes and proximity to the Sydney Metro Northwest line provide reasonable connectivity, further underpinning Cherrybrook’s ongoing desirability for commuters and families. At present, there are no significant new projects or council planning changes expected to impact the property market in Cherrybrook.

Cherrybrook rental market trends

The rental market in Cherrybrook has experienced growth, with house rents increasing by 11.3% over the past year to $1,100 per week. However, there is no data available for unit rents, indicating a potential lack of unit rental properties in the area. Cherrybrook remains a desirable location for families seeking spacious living in a suburban setting.

Suburbs near Cherrybrook

Some popular suburbs near Cherrybrook include:

How does Cherrybrook compare to nearby suburbs?

  • Median house prices: Cherrybrook’s median house price is 31.9% higher than Hornsby’s.
  • Median unit prices: Cherrybrook’s median unit price is 31.9% higher than Castle Hill’s.
  • House price growth: Property prices in nearby Castle Hill have risen 4.8% more than in Cherrybrook over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Cherrybrook have grown 6.9% higher than in Castle Hill.
  • Selling speed for houses: Properties in Cherrybrook are selling 13.8% faster than in Castle Hill.
  • House price growth: Over the past 12 months, house prices in Cherrybrook have grown 22.4% higher than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Cherrybrook have grown 88.9% higher than the average rate of growth for units across Sydney.

Common questions about Cherrybrook

  • Is Cherrybrook a nice place to live?

    Cherrybrook is a delightful suburb that offers a serene and family-oriented lifestyle, making it a wonderful place to call home. Nestled in the Hills District, this charming area is known for its lush greenery and tranquil atmosphere, providing a perfect backdrop for families seeking a peaceful suburban environment. The suburb's welcoming vibe is complemented by a strong sense of community, where neighbors often know each other and children can play safely in the streets.

    Living in Cherrybrook means having access to a variety of amenities that enhance its livability. The suburb is well-equipped with local shopping options, including the Cherrybrook Village Shopping Centre, which caters to everyday needs with ease. For those who enjoy dining out or grabbing a coffee, there are plenty of cafes and restaurants to explore. The suburb is also home to several parks and green spaces, offering ample opportunities for outdoor activities and relaxation.

    Safety is a key feature of Cherrybrook, making it an attractive choice for families. The suburb's reputation for being a secure and stable community is supported by its established residential areas and strong home ownership rates. While Cherrybrook offers a peaceful lifestyle, it does come with the trade-off of being a bit further from the hustle and bustle of the city. However, the nearby Metro station provides convenient access to Sydney's CBD, making commuting manageable for professionals.

    For families, Cherrybrook is particularly appealing due to its excellent schools and family-friendly amenities. The suburb's focus on education and community facilities ensures that children have access to quality learning environments and recreational activities. While Cherrybrook may not have the vibrant nightlife of inner-city suburbs, its emphasis on community and family life makes it an ideal choice for those seeking a balanced and fulfilling lifestyle. Overall, Cherrybrook is a lovely place to live, offering a harmonious blend of tranquility, community spirit, and convenience.

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  • Is it expensive to live in Cherrybrook?

    Living in Cherrybrook can be quite expensive, especially when compared to other suburbs in the area. The median house price in Cherrybrook is a hefty $2,250,000, which is significantly higher than many other parts of Sydney. If you're looking to rent, the average rent for houses is around $1,100 per week, which also reflects the suburb's premium status.

    When you compare these figures to the average wage in Cherrybrook, which is $86,000 per year, it's clear that a substantial portion of one's income would need to be allocated towards housing costs. The median total household income weekly is $2,924, which is above the average for many Sydney suburbs, yet the high property prices and rents still make it a challenging place for many to afford.

    Cherrybrook offers a desirable lifestyle with its family-friendly environment and excellent amenities, but the cost of living, particularly in terms of housing, is on the higher side. If you're thinking of living in Cherrybrook, it's important to consider whether your financial situation can comfortably support the expenses associated with this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Cherrybrook a good place to invest?

    Cherrybrook is a suburb that presents a promising investment opportunity, particularly for those interested in units. Over the past 12 months, the median unit value has surged by an impressive 13.4%, indicating strong demand and potential for capital growth in this segment. While the change in median house value has been more modest at 1.4%, the rental market for houses has seen a significant uptick, with rents increasing by 11.3%. This suggests a robust demand for rental properties, making it an attractive option for investors seeking rental income.

    The stability in unit rents, despite the substantial increase in unit values, indicates a balanced market where demand is keeping pace with supply. Cherrybrook's appeal lies in its family-friendly environment, reputable schools, and convenient access to public transport, which are key factors that attract both renters and buyers. The suburb's strong community vibe and green spaces further enhance its desirability, ensuring a steady influx of residents.

    Overall, Cherrybrook offers a balanced investment landscape with opportunities for both capital growth and rental income. While houses provide stable rental returns, units stand out for their recent value appreciation, making them a particularly compelling choice for investors looking to capitalize on the suburb's growth potential.

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Choose the right real estate agents in Cherrybrook

Currently, there are 58 real estate agents working in Cherrybrook—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 58 agents sold 49.0% of all properties in Cherrybrook over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Cherrybrook typically charge a commission of 1.9% to 2.75%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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