Property investors enjoyed capital gains of 14.43% 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 40.82% growth in median prices over a three-year period. This is considerably lower 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 3.01% increase in returns based on the current median price in BERWICK.
BERWICK, 3806 ranks 231st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 340th on the list of best yielding suburbs for rental properties in VIC, posting a 3.01% return.
Property investors have seen a 3.13% gain in BERWICK based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BERWICK, 3806 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.98%.
Based on its average 5-year and quarterly capital gains BERWICK, 3806 saw average growth in the long term.
BERWICK, 3806 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $495,000.
Profits due to an upward trend in home prices in BERWICK, 3806 averaged 7.41% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in BERWICK, 3806 is 3.78%.
An average of 8.5 real estate transactions take place per month in BERWICK which translates to 102 per annum.
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