At number 1303th in the list of Australian suburbs ordered by increase in median house value over the last year, Berkeley Vale, 2261 is in the top 40% with a property value increase of 11.78% recorded in median house prices.
Berkeley Vale,2261 was ranked 1046 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Berkeley Vale is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 774th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.55%, investors should hope to achieve an overall return of 4.09%
With a capital gain of 42.74% for the last 12 months, Berkeley Vale, 2261 has performed for property investments than its average annual 6.77% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Berkeley Vale has given property investors a paper return of 1.31%. This puts Suburb as 292 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Berkeley Vale is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 48th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Advertised rents are around the $300 mark per week – giving a return of 4.47% based on the median price in Suburb