AREA REPORTS

Berwick

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 11.69% 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 38.61% 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 $410 based on current median home prices for the suburb.

On average, rents on listings have reached the $410 mark, reflecting a 3.05% increase in returns based on the current median price in BERWICK.

BERWICK, 3806 ranks 259th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 323rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.05% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $700,000 $522,500
GROWTH REPORT
Median Quarterly 1.01% 4.5%
Median 12 month 11.69% 17.15%
Median 3 years 38.61% 25.75%
Median 5 years 55.56% 49.29%
10 years average annual 7.3% 6.22%
Weekly media advert. rent $410 $360
Time on Market 35.7 days 46.4 days
Gross Rental Yield Percent 3.05% 3.58%
demographics (median values)
Total Population
36421
Weekly Household Income
1222
Household Size
2.90
demographics
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