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Berwick
AREA REPORTS

Berwick

Berwick - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3806

house
unit

Property investors enjoyed capital gains of 7.2% 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 6.57% 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 $420 based on current median home prices for the suburb.

On average, rents on listings have reached the $420 mark, reflecting a 2.99% increase in returns based on the current median price in BERWICK.

BERWICK, 3806 ranks 442nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 338th on the list of best yielding suburbs for rental properties in VIC, posting a 2.99% return.

Data report can be found below

Berwick
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $730,000 $583,000
GROWTH REPORT
Median Quarterly 2.82% 1.83%
Median 12 month 7.2% 11.05%
Median 3 years 6.57% 17.19%
Median 5 years 31.53% 37.12%
10 years average annual 5.1% 5.9%
Weekly media advert. rent $420 $370
Time on Market 46.9 days 58.0 days
Gross Rental Yield Percent 2.99% 3.3%
demographics (median values)*
Total Population
48520
Weekly Household Income
1752
Household Size
3.00
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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