The Sherwood property market has had a staggering 40 per cent median house price growth in the period ending December 2021, an impressive finish amidst a slight slowdown observed in other markets.
Highlights
- Sherwood’s housing market posted an astounding 38.91 per cent median growth from January 2021 to December 2021, putting the median at $1,285,000.
- Its unit market, whilst significantly lower than the housing market, has also posted a 3.57 per cent median growth, putting the median at $435,000.
- The Sherwood property market is expected to continue its upward trend.
Sherwood House Price Growth
Data from Property Market Updates for the period covering January to December 2021 has shown Sherwood’s extraordinary growth of 38.92 per cent. This has drawn the median house price upward from $925,000 in the previous year to $1,285,000 for this period.
The market closed 111 property sales with an average of 37 days on market. Investors bought three- and four-bedroom houses the most as interstate migration continues to drive housing demand. In spite of the increase, affordability has been a key factor in Brisbane’s property market in general compared to other locations.
Sherwood’s housing market has been steadily trending upward for a few years given its family and child-friendly appeal. With heaps of access to parkways and green spaces, this suburb favours a variety of demographics from young families setting their roots, to dynamic professionals or entrepreneurs, and retirees.
Sherwood Unit Price Growth
The unit market in Sherwood is slowly picking up for this period as well with a 3.57 per cent median growth from last year. Whilst not as strong as the housing market, Sherwood’s median unit price at $435,000 is perfect for first-home buyers or downsizers who do not need a spacious house to maintain.
Apartment sales for this period closed with 137 successful transactions with unit listings staying an average of 49 days on the market. Buyers were mostly keen to pick two-bedroom units which are more compact and manageable for their lifestyle.
At least 17 per cent of townhomes and 17 per cent of apartments make up Sherwood’s unit property market, providing a good alternative for those with a more conservative budget to invest in a detached house.
About Sherwood
Sherwood is found 11 kilometres southwest of the city and is popular for its stately Queenslander homes, leafy riverside location, and wholesome outdoor lifestyle. Bordered by the suburbs of Corinda, Graceville, and Tennyson, Sherwood is the home of the heritage-listed Sherwood Arboretum, a 15-hectare parkland with thousands of trees.
Far away enough from the city bustle, Sherwood has a convenient train station that takes commuters approximately 20 minutes to their work or school in the inner city. The suburb, however, is filled with heaps of quaint shops in an established business district along Sherwood Road, where residents can have all their essentials.
Sherwood has a number of good schools, both private and public, as well. It’s not unusual to see kids cycling around or groups enjoying a picnic or barbecue at the parklands during the weekends. Its laidback lifestyle makes Sherwood such a lovely location to raise a family.
“It has SO much going for it. Not only is it great for resale value, but it’s also close to everything – city, shopping, recreation, entertainment, transport, the river. It has a great sense of community about it, with excellent schools & general facilities. It’s the kind of place we not only want to live in…but would like to invest in also.”
Trio
“There aren’t many suburbs with the old world feel and values left in Brisbane and those that have the same feelings are far and few. Most streets are tree-lined (mature trees), the classic Queenslander architecture and so many well-renovated homes on big blocks and space for kids to run around is wonderful! It’s just a wonderful place to start and bring up your family!”
Nors
