Returning expats may increase property prices
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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 $330,000.
The upward trend in home prices in BERRIDALE, 2628 averaged 11.56% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 5.83% increase in returns based on the current median price in BERRIDALE.
An average of 2.25 real estate transactions take place per month in BERRIDALE which translates to 27 per annum.
27 properties were sold in BERRIDALE in 2016, making it the 721st most active market in NSW based on total real estate transactions.
BERRIDALE, 2628 places 193rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $330,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.11% | N/A |
| Median 12 month | 1.62% | N/A |
| Median 3 years | 34.69% | N/A |
| Median 5 years | 39.83% | N/A |
| 10 years average annual | 6.41% | N/A |
| Weekly media advert. rent | $370 | N/A |
| Time on Market | 104.5 days | N/A |
| Gross Rental Yield Percent | 5.83% | N/A |
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