Are you looking to purchase a home or investment property in Sherwood? As a SherwoodBuyer’s Agent we’d be happy to help and have compiled the following suburb profile for your information. Good luck your Sherwoodproperty purchase!
Sherwoodis an affluent, leafy, riverside suburb located 11km southwest of the Brisbane CBD. The suburb is best known for the heritage-listed Sherwood Arboretum. Sherwoodis bordered by the suburbs of Graceville, Tennyson and Corinda.
The population of Sherwoodin 2016 was around 5,335 and continues to grow. 59.3% of households in Sherwoodare owner occupied and consistent predominantly of professional couples with children.
Sherwood’s main shopping and cafe precinct is located along Sherwood Road, East of Sherwood train station.
A centrally located train station provides convenient train connections to the Brisbane CBD in approximately 20 minutes.
Sherwood Arboretum is located in the Western part of the suburb along the Brisbane River and is a large, mostly open green space, best known for its old Kauri trees planted in the early 1900s. There is also a popular large playground and a boardwalk along the Brisbane River.
Most residents commute to the Brisbane CBD for work.
Character Queenslander homes located in the tree-lined streets west of the train line are most desirable.
Noise can be an issue for properties close to the train line, Sherwood Road, Oxley Road, Honour Avenue and Kitchener Street.
Due to its location close to the Brisbane River, many areas in Sherwood are subject to flooding. Buyers should check the Brisbane City Council Flood Maps (see image below).
Almost half (48%) of properties in Sherwoodare free standing houses.
The suburb is particularly well known for its Queenslander style houses built in the late 1800s and early 1900s. A typical block size for this type of home is 600m2.
Post-war houses also occur in the area. Many of the post war homes have been removed to allow for subdivisions, and the construction of contemporary homes on smaller sized blocks (400m2).
The median house price in Sherwood is $897,500 which is well above Brisbane’s median.
The median house price in Sherwoodwould typically buy a 4 bedroom, 2 bathroom house on a 607m2 block. For example: 6 Lance Street Sherwood – sold for $882,000 in October 2019 (click to view listing and see images below).
The median unit price inSherwoodis:$400,000.
This amount would typically buy a 2 bedroom, 2 bathroom, 1 garage unit in an newer style complex. For example: 14/508 Oxley Road, Sherwood – sold for $393,000 in November 2019 (click to view listing and see images below).
In the last 5 years the median house price has increased by 22.5%. Over the last 10 years, house prices have increased by 3% per annum.
Prices of units in Sherwood have decreased in recent years due to a large number of new unit developments in the area. In the last 5 years the median price of units has decreased by 12%. On average, over the last 10 years unit prices have decreased by 0.6% per annum.
**Statistics are accurate for December 2019
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