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%