Berridale

POSTAL CODE: NSW, 2628

HOUSE

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

The suburb also 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 $675,000.

The upward trend in home prices in BERRIDALE, 2628 averaged 1.02% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 3.85% increase in returns based on the current median price in BERRIDALE.

An average of 3.17 real estate transactions take place per month in BERRIDALE which translates to 38 per annum.

38 properties were sold in BERRIDALE in 2016, making it the 552nd most active market in NSW based on total real estate transactions.

BERRIDALE, 2628 places 1113th 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	$675,000	N/A
Growth Report
Median Quarterly	-1.71%	N/A
Median 12 month	8.87%	N/A
Median 3 years	3.05%	N/A
Median 5 years	56.98%	N/A
10 years average annual	13.02%	N/A
Weekly media advert. rent	$500	N/A
Time on Market	129.6 days	N/A
Gross Rental Yield Percent	3.85%	N/A

Demographics (Median Values)*

Total Population 1912

Weekly Household Income 1162

Household Size 2.30

Average Age 45

Monthly Loan Repayment 1200

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

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