VIC/
Berwick

Suburb Profile

Berwick - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3806

house
unit

Property investors enjoyed capital gains of 10.54% over the last 12 months in BERWICK, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 32.5% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

On average, rents on listings have reached the $400 mark, reflecting a 3.27% increase in returns based on the current median price in BERWICK.

BERWICK, 3806 ranks 408th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 324th on the list of best yielding suburbs for rental properties in VIC, posting a 3.27% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $636,000 $440,000
GROWTH REPORT
Median Quarterly 2.58% 1.15%
Median 12 month 10.54% 7.32%
Median 3 years 32.5% 21.55%
Median 5 years 41.33% 25.53%
10 years average annual 7.24% 5.2%
Weekly media advert. rent $400 $350
Time on Market 34.7 days 67.4 days
Gross Rental Yield Percent 3.27% 4.14%
demographics (median values)
Total Population
36421
Weekly Household Income
1222
Household Size
2.90
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