With a capital gain of 3.45% for the last 12 months, Berala, 2141 has performed for property investments than its average annual 8.50% property growth over the last 5 years.
Berala,2141 was ranked 2573 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Berala itself are offering an average vendor discount of -5.73% to real estate investors.
Often selling an investment property can take time, and in Berala the average time real estate has been on the market is 76.74 days.
Berala is 904th on a list of best yielding suburbs for rents in NSW with a 2.89% return
Property investors who have had real estate in Berala, 2141 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.20%
If we look at median property appreciation over just the last three months, Berala has given property investors a paper return of 6.82%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Berala is giving property investors an average Vendor Discount of around -5.41%. This puts suburb at number 108th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 9.81%, investors should hope to achieve an overall return of 3.66%