Beresfield

POSTAL CODE: NSW, 2322

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains BERESFIELD, 2322 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BERESFIELD, 2322 obtained a 9.88% growth over a ten-year period. It ranks 47th on our list of suburbs that property investors should look into.

BERESFIELD, 2322 in NSW belongs to the local government area of Newcastle.

BERESFIELD, 2322 has a capital gain of 14.38% for the past year, which is lower than average compared to its 73.49% growth within a five-year period.

With the median home price in BERESFIELD sitting at $720,000, and the average rent at $600, property owners could potentially earn a 4.33% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BERESFIELD are low, as opposed to average gains per annum over the past five years.

Homeowners and real estate investors betting on BERESFIELD, 2322 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 17.11%.

A steady increase in median property prices over a five-year period in BERESFIELD, 2322 translates to a 25% capital gain.

Property investors enjoyed capital gains of 17.11% over the last 12 months in BERESFIELD, translating to lower returns compared with its peers in NSW.

BERESFIELD, 2322 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $612,500.

Profits due to an upward trend in home prices in BERESFIELD, 2322 averaged 8.33% per annum over a 3-year period.

Home owners selling their properties and realtors in BERESFIELD usually have to wait an average of N/A days before their assets are lifted off the market.

Average weekly rents on listings have reached the $460 mark, reflecting a 3.91% increase in returns based on the current median price in BERESFIELD.

BERESFIELD, 2322 places th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$720,000	$612,500
Growth Report
Median Quarterly	6.27%	0%
Median 12 month	14.38%	17.11%
Median 3 years	20%	25%
Median 5 years	73.49%	72.54%
10 years average annual	9.88%	10.22%
Weekly media advert. rent	$600	$460
Time on Market	25.6 days	N/A
Gross Rental Yield Percent	4.33%	3.91%

Demographics (Median Values)*

Total Population 18450

Weekly Household Income 1351

Household Size 2.70

Average Age 37

Monthly Loan Repayment 1625

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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