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Berridale
AREA REPORTS

Berridale

Berridale - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2628

house

BERRIDALE, 2628 ranks 562nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 36.28% for property investors.

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 $586,000.

The upward trend in home prices in BERRIDALE, 2628 averaged 35.46% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 4.88% 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 672nd most active market in NSW based on total real estate transactions.

BERRIDALE, 2628 places 607th in Australia based on median property value growth during the quarter.

Data report can be found below

Berridale
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $586,000 N/A
GROWTH REPORT
Median Quarterly 6.55% N/A
Median 12 month 36.28% N/A
Median 3 years 106.37% N/A
Median 5 years 181.06% N/A
10 years average annual 13.48% N/A
Weekly media advert. rent $550 N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent 4.88% N/A
demographics (median values)*
Total Population
1912
Weekly Household Income
1162
Household Size
2.30
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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