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Berriedale

POSTAL CODE: TAS, 7011
HOUSE

Property investors enjoyed capital gains of 22.21% over the last 12 months in BERRIEDALE, translating to lower returns compared with its peers in TAS.

A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 10.83% growth over a ten-year period. It ranks 4204th on our list of suburbs that property investors should look into.

BERRIEDALE, 7011 has a capital gain of 22.21% for the past year, which is higher than average compared to its 52.44% growth within a five-year period.

With the median home price in BERRIEDALE sitting at $642,538, and the average rent at $550, property owners could potentially earn a 4.45% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BERRIEDALE are low, as opposed to average gains per annum over the past five years.

BERRIEDALE, 7011 in TAS belongs to the local government area of Glenorchy.

Surburb overview

Berriedale, with the postcode 7011, is a suburb located approximately 12 kilometres northwest of Hobart’s central business district in Tasmania. Positioned along the western shore of the Derwent River, Berriedale offers a mix of residential, recreational, and cultural experiences. The population of Berriedale is around 2,500, consisting primarily of families, professionals, and retirees, contributing to a balanced and diverse community.

Governed by the City of Glenorchy, Berriedale benefits from the council's well-maintained infrastructure and community services. Public transportation is efficiently served by Metro Tasmania buses, providing frequent services to Hobart’s CBD and surrounding suburbs, and facilitating convenient commuting options for residents.

Educational facilities in Berriedale include several nearby schools such as Windermere Primary School and Claremont College, offering a range of educational opportunities for families. These institutions provide a supportive educational environment from primary through to secondary education.

For shopping and essential services, Berriedale residents often visit the nearby Glenorchy Central and Northgate Shopping Centre, which offer a variety of retail stores, supermarkets, and dining options. These centres provide comprehensive shopping experiences and essential services within a short distance.

Berriedale is rich in recreational activities, with numerous parks and open spaces enhancing the suburb's lifestyle. The Berriedale Reserve is a popular local spot featuring walking trails, picnic areas, and sports facilities, catering to outdoor enthusiasts and families. The suburb's location along the Derwent River also provides opportunities for water-based activities such as kayaking and fishing.

A major cultural attraction in Berriedale is the Museum of Old and New Art (MONA), renowned for its contemporary art collections and unique exhibitions. MONA attracts visitors from across the globe and offers residents an exceptional cultural experience right on their doorstep. The museum also hosts various events, including concerts and festivals, contributing to the vibrant local culture.

Residents of Berriedale enjoy easy access to Hobart's broader cultural and recreational attractions, such as the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the lively Salamanca Market. The suburb's proximity to these amenities, combined with its own local attractions, makes Berriedale a convenient and appealing place to live.

Berriedale offers a harmonious blend of residential comfort, recreational facilities, and cultural experiences, making it an attractive suburb for a diverse range of residents who appreciate its unique character and accessibility to both local and city amenities.

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