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Berri
AREA REPORTS

Berri

Berri - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5343

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Homeowners and real estate investors betting on BERRI, 5343 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 12.2%.

A steady increase in median property prices over a five-year period in the suburb translates to a 3.37% capital gain.

Property investors in BERRI enjoyed capital gains of 12.2% 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 $230,000.

Profits due to an upward trend in home prices there averaged 1.12% per annum over a 3-year period.

Home owners selling their properties and realtors in BERRI usually have to wait an average of 131.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $265 mark, reflecting a 5.99% increase in returns based on the current median price in BERRI.

BERRI, 5343 places 350th in Australia based on median property value growth during the quarter.

Data report can be found below

Berri
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $230,000 N/A
GROWTH REPORT
Median Quarterly -1.5% N/A
Median 12 month 12.2% N/A
Median 3 years 3.37% N/A
Median 5 years 43.75% N/A
10 years average annual 6.98% N/A
Weekly media advert. rent $265 N/A
Time on Market 131.6 days N/A
Gross Rental Yield Percent 5.99% N/A
demographics (median values)*
Total Population
4846
Weekly Household Income
923
Household Size
2.20
Age
43
Monthly Loan Repayment
1083
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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