Suburb Profile Report for Berkeley Vale NSW (2261)

Berkeley Vale House: Median price $520,000, Annual capital growth 5.80%, Number of sales 195, Weekly median advertised rent $433

Berkeley Vale Unit: Median price $332,500, Annual capital growth 5.96%, Number of sales 32, Weekly median advertised rent $315

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Berkeley Vale is an average performer in NSW when comparing median price capital growth over the last year. Berkeley Vale gave property investors a average capital gain figure when compared to the rest of the state, with 7.88%.

While Berkeley Vale,2261 ranked number 734th in NSW for increase in median house value (annualised) increase, it is ranked 445th over the last 5 years.

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 Berkeley Vale itself are offering an average vendor discount of -4.80% to real estate investors.

Often selling an investment property can take time, and in Berkeley Vale the average time real estate has been on the market is 60.43 days.

The NSW suburb of Berkeley Vale, 2261 is in the Wyong local government area.

When looking at the potential capital gains offered to property investors over the last 3 years, Berkeley Vale comes in at number 157th in NSW.

LACK OF BUYER INTEREST may well be the reason that Berkeley Vale is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 330th in terms of most discounted suburbs in NSW

With the median price for a house in Berkeley Vale being $332500 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.93%

HOUSE UNIT
$520,000 $332,500
1.96% N/A
7.88% N/A
5.80% 5.96%
$433 $315
195 32
4.33% 4.93%
60.43 70.5

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 8486
Median household income ($/weekly) 1135
Median age of persons 36
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1259 14.8
    25-34 years 1036 12.2
    35-44 years 1119 13.2
    45-54 years 1163 13.7
    55-64 years 905 10.7
    Others 3005 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2848 47.1
    Not Married 2585 42.7
    Defacto Relationship 615 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7326 89.5
    Greece 29 0.4
    Papua New Guinea 148 1.8
    United Kingdom 375 4.6
    Other 96 1.2
    Others 211 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 0.7
    Christianity 6061 76.8
    Islam 18 0.2
    Other Religious Groups 26 0.3
    No Religion 1704 21.6
    Others 20 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 345 12.9
    $600-$799 275 10.2
    $1,000-$1,249 267 9.9
    $1,500-$1,999 396 14.8
    $2,000-$2,499 278 10.4
    Others 1123 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2340 36.9
    Not in the labour force 2211 34.9
    Employed, worked part-time 1314 20.7
    Unemployed, looking for work 251 4.0
    Employed, away from work 222 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 536 13.8
    Technicians & trades workers 715 18.4
    Community & personal service workers 472 12.2
    Clerical & administrative workers 557 14.4
    Sales 466 12.0
    Others 1133 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 216 10.0
    Infants/Primary 809 37.4
    Secondary 627 29.0
    Technical or Further Educational Institution 213 9.8
    University or other Tertiary Institutions 246 11.4
    Others 54 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7504 93.4
    Flat, unit or apartment 266 3.3
    Semi-detached, row or terrace house, townhouse 247 3.1
    House or flat attached to a shop, office 16 0.2
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1314 45.1
    Fully owned 939 32.2
    Rented 650 22.3
    Other tenure type 10 0.3
    Tenure Type
Census 2011, ABS
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