Berriedale

Property investors enjoyed capital gains of 33.33% 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 9.37% growth over a ten-year period. It ranks 208th on our list of suburbs that property investors should look into.

BERRIEDALE, 7011 has a capital gain of 33.33% for the past year, which is higher than average compared to its 111.12% growth within a five-year period.

With the median home price in BERRIEDALE sitting at $560,000, and the average rent at $460, property owners could potentially earn a 4.27% increase in gross rental yield.

A 33.33% increase in median property prices in BERRIEDALE, 7011 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 57th.

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 (C).