Berwick

POSTAL CODE: VIC, 3806

HOUSE

UNIT

Property investors enjoyed capital gains of 3.45% 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 3.38% 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 $620 based on current median home prices for the suburb.

On average, rents on listings have reached the $620 mark, reflecting a 3.58% increase in returns based on the current median price in BERWICK.

BERWICK, 3806 ranks 346th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 288th on the list of best yielding suburbs for rental properties in VIC, posting a 3.58% return.

Property investors have seen a 3.18% gain in BERWICK based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains BERWICK, 3806 saw average growth in the long term.

BERWICK, 3806 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $697,500.

Profits due to an upward trend in home prices in BERWICK, 3806 averaged 1.95% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.

The gross rental yield in BERWICK, 3806 is 4.17%.

An average of 11.08 real estate transactions take place per month in BERWICK which translates to 133 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$900,000	$697,500
Growth Report
Median Quarterly	1.69%	3.18%
Median 12 month	3.45%	5.68%
Median 3 years	3.38%	5.84%
Median 5 years	27.66%	21.3%
10 years average annual	5.58%	5.2%
Weekly media advert. rent	$620	$560
Time on Market	44.2 days	64.1 days
Gross Rental Yield Percent	3.58%	4.17%

Demographics (Median Values)*

Total Population 48520

Weekly Household Income 1752

Household Size 3.00

Average Age 36

Monthly Loan Repayment 1842

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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