Property value increases in Berala have tracked close to the NSW average of 8.26% over the last 12 months.
Berala,2141 was ranked 2076 in Australia by increase in median property value over the quarter.
The most recent median price for Berala is $910000, with sellers offering an average of -5.91% off the asking price.
With the median price for a house in Berala being $910000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.86%
Property investors who have had real estate in Berala, 2141 should be 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 12.50%
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Berala itself are offering an average vendor discount of -5.74% to real estate investors.
Residents and property investors in Berala have been waiting around 53.91 days to sell a property.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.66%, without taking into account capital value appreciation, which has been averaging out at 9.76%.