Fact or myth: Does water view affect property price growth?
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A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 8.24% growth over a ten-year period. It ranks 398th on our list of suburbs that property investors should look into.
BERKELEY, 2506 has a capital gain of 0% for the past year, which is lower than average compared to its 73.33% growth within a five-year period.
With the median home price in BERKELEY sitting at $520,000, and the average rent at $450, property owners could potentially earn a 4.5% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BERKELEY are low, as opposed to average gains per annum over the past five years.
BERKELEY, 2506 in NSW belongs to the local government area of Wollongong (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $520,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.05% | N/A |
| Median 12 month | 0% | N/A |
| Median 3 years | 30.82% | N/A |
| Median 5 years | 73.33% | N/A |
| 10 years average annual | 8.24% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 70.1 days | N/A |
| Gross Rental Yield Percent | 4.5% | N/A |
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