Migration cut plans set to impact property market
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BERRIDALE, 2628 ranks 168th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 24.58% for property investors.
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 $299,000.
The upward trend in home prices in BERRIDALE, 2628 averaged 9.63% per annum over a 3-year period.
Average weekly rents on listings have reached the $270 mark, reflecting a 4.7% increase in returns based on the current median price in BERRIDALE.
An average of 2.67 real estate transactions take place per month in BERRIDALE which translates to 32 per annum.
32 properties were sold in BERRIDALE in 2016, making it the 644th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $299,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 24.58% | N/A |
| Median 3 years | 28.88% | N/A |
| Median 5 years | 8.73% | N/A |
| 10 years average annual | 5.38% | N/A |
| Weekly media advert. rent | $270 | N/A |
| Time on Market | 75.2 days | N/A |
| Gross Rental Yield Percent | 4.7% | N/A |
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