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Berwick

Suburb Profile

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

house
unit

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.

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 3.21% increase in returns based on the current median price in BERWICK.

BERWICK, 3806 ranks 441st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 382nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.21% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $680,000 $515,000
GROWTH REPORT
Median Quarterly 0.74% 0%
Median 12 month -0.73% 1.48%
Median 3 years 16.24% 19.61%
Median 5 years 39.49% 31.55%
10 years average annual 5.75% 4.22%
Weekly media advert. rent $420 $380
Time on Market 52.3 days 72.1 days
Gross Rental Yield Percent 3.21% 3.84%
demographics (median values)
Total Population
36421
Weekly Household Income
1222
Household Size
2.90
demographics
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