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Sherbrooke, VIC 3789
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,550,000
list-price estimate
Median Unit
$365,000
Gross Yield (houses)
1.6%
1yr Growth (houses)
+1.4%
market range -7.5% to +42.5%
Investment snapshot for Sherbrooke
Sherbrooke has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Sherbrooke market and investor summary
In Sherbrooke, VIC 3789, houses show a gross rental yield of 1.6%. House prices have moved +1.4% over the past year and -4.3% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.6% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 128 days on market, so plan for a slower exit if you ever need one.
Living in Sherbrooke: people, income and schools
About 294 people live in Sherbrooke, a count that has slipped about 4% over five years. At a median age of 47, it reads as skewed a little older, and 97% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $125,000 a year (about $2,410 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). Incomes have risen about 50% over five years, which tends to underpin what local buyers can pay.
Families have 18 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Sherbrooke sits about 36 km from the CBD. It is fairly car-dependent; the suburb scores 1 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 294
- -4% over 5yr
- Median age
- 47 years
- Median household income
- $125,000/yr
- Households renting
- 3%
- Family households
- 52%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 18
- avg ICSEA 1106
- Unemployment
- 2.8%
- Distance to CBD
- 36 km
- Walk score
- 1/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Sherbrooke
View all →Frequently asked questions about Sherbrooke
What should I check before investing in Sherbrooke?
Sherbrooke has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Sherbrooke?
The median property price in Sherbrooke, VIC 3789 is $365K for units.
What rental yield does Sherbrooke show?
The gross rental yield in Sherbrooke is 1.6% for houses and 3.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Sherbrooke?
House prices in Sherbrooke are up 1.4% over the past year and down 4.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Sherbrooke?
The current vacancy rate in Sherbrooke is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Sherbrooke?
Sherbrooke has a population of approximately 294 residents, with a median age of 47.
What schools are near Sherbrooke?
There are 18 schools within roughly 5km of Sherbrooke. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Sherbrooke's population growing?
The population of Sherbrooke has fallen about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Sherbrooke from the CBD?
Sherbrooke is about 36 km from the CBD.
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