Property investors enjoyed capital gains of 7.14% over the last 12 months in BERKELEY, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.68% growth over a ten-year period. It ranks 700th on our list of suburbs that property investors should look into.
BERKELEY, 2506 has a capital gain of 7.14% for the past year, which is lower than average compared to its 71.57% growth within a five-year period.
With the median home price in BERKELEY sitting at $525,000, and the average rent at $440, property owners could potentially earn a 4.36% 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.