Among the Brisbane suburbs currently performing well in the property market, Sherwood is a study in contrasts. With a median house price above $1,000,000 and a median unit price below $500,000, a home in Sherwood is attainable for both prestige buyers and young, upwardly mobile families looking to buy into this highly desirable suburb.
House Price Growth
Sherwood has been one of Brisbane’s most interesting growth markets for the period of July 2021 to June 2021, with median house prices climbing 10.04 per cent to the seven-digit range at $1,165,000, according to data from Property Market Updates. This suburb entered the million-dollar property market in the previous year but its steady upward trend had already been evident for a few years already.
During this period, 86 houses were sold in Sherwood with an average market listing of 86 days. Four-bedroom homes for families with growing kids were most popular with buyers.
A well-maintained six-bedroom house with multiple decks and terraces nabbed the highest sale price for this period at $3,750,000. Located on Hamilton Street, a premier residential spot, the home has an outdoor pool, several formal and casual living spaces, a statement kitchen at the centre, and plenty of windows for natural sunlight and breezes to flow.
Unit Price Growth
The median unit price of properties in Sherwood has gone down in the period ending June 2021 by 3.62 per cent, with a number of new developments believed to be creating a temporary oversupply. Still, sales volume for this time period was at 118 with a median unit price of $462,000.
Young couples and professionals make up most of the buyer profiles who prefer two-bedroom apartments, allowing them to move into the suburb at entry-level property prices. Apartments dominate Sherwood Road and Primrose Street, with buyers looking to move to these places because they are a short walk to the main commercial area.
About Sherwood
Bordered by Graceville, Tennyson, and Corinda, Sherwood sits 11 kilometres away from the CBD and is one of the oldest, more affluent suburbs in Brisbane. A majority of the household in this locale are professionals with kids. Over 60 per cent of the properties are owner-occupied.
Sherwood is dominated by free-standing, traditional Queensland homes built around the 1800s along tree-lined streets. A typical block of land is about 600 square metres but there are also post-war houses and contemporary homes with smaller-sized lots.
Attracting buyer interest for its enviable “village feel” and a strong sense of community, Sherwood has a good public transportation network and its own railway station at the centre of the suburb, providing residents easy access to the Indooroopilly shopping precinct and the University of Queensland campuses.
The area has a number of good schools, such as the Sherwood State School, one of the oldest schools in Queensland, as well as private schools like St Joseph’s Primary School and St Aidan’s Anglican Girls School.
Its centrepiece is the heritage-listed Sherwood Arboretum, a large green space filled with Kauri trees that grew in the early 1900s, a playground for the kids, barbeque facilities for groups, and walking tracks for exploration and exercise. The main shopping and recreation centre is found along Sherwood Road, where many small businesses thrive.
“One of Brisbane’s oldest and most beautiful suburbs, Sherwood is located on the southern side of the Brisbane River about 10km from the CBD. Sherwood is a leafy and quiet residential suburb that enjoys easy access to the city and other amenities such as local shops and banks. As a resident myself, I can honestly say that the area provides an exceptional suburban lifestyle which offers a variety of trendy cafes including Ananas, Stem and Plentiful to name a few; great transport thanks to its own train station, and a community heart that you won’t find in most other Brisbane suburbs.”
Martin Hood
“A child-friendly area where you can walk to most places, including transport. Close to the river, cinemas, cafes, schools and shops, yet with lovely little parks tucked away; little treasures you can find if you hunt around a bit. What more could you want from a suburb so close to the city?”
CBenson
“Part of the Corinda to Chelmer corridor on the banks of the Brisbane River in Brisbane’s West, Sherwood is a fantastic place to bring up a growing family. High quality schools, shopping and facilities are all close at hand along with rail and bus transport. Boasting the Sherwood Forrest Park a magnificent park set on the Brisbane river, Sherwood is a safe area with a ‘village’ atmosphere.”
Asitis
