AREA REPORTS

Berri

Suburb Profile

Berri - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5343

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 20% capital gain.

Property investors in BERRI enjoyed capital gains of 9.7% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $198,000.

Profits due to an upward trend in home prices there averaged 6.67% per annum over a 3-year period.

Home owners selling their properties and realtors in BERRI usually have to wait an average of 127.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $267.5 mark, reflecting a 7.03% increase in returns based on the current median price in BERRI.

BERRI, 5343 places 373rd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $198,000 $135,000
GROWTH REPORT
Median Quarterly -5.26% 13.92%
Median 12 month 9.7% -15.63%
Median 3 years 20% 50%
Median 5 years 15.62% 39.18%
10 years average annual 2.7% 6.89%
Weekly media advert. rent $267.5 $200
Time on Market 127.0 days 0.0 days
Gross Rental Yield Percent 7.03% 7.7%
demographics (median values)
Total Population
4326
Weekly Household Income
725.1
Household Size
2.30
demographics
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