Suburb Profile Report for Berry NSW (2535)

Berry House: Median price $1,000,000, Annual capital growth 10.21%, Number of sales 61, Weekly median advertised rent $560

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

Source: CoreLogic

  • House Report
  • Expert Report

If you compare the increase in value of investment property in Berry, 2535 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 16.28%.

A 43.37% growth in median value for property investors in Berry,2535 puts this suburb at number 528th in terms of best performing suburbs in NSW

Property buyers and investors in Berry 2535 should be seeing an average reduction in asking price of around -7.26% . This means that Berry is holding prices well when compared to other suburbs in NSW.

Renters in Suburb are facing rents around $6720 per annum or $560 every week.

YIP MAG Information supplied by:

YIP MAG
July 2016

M
O

W
E
A two-hour drive south of Sydney on the Princes Highway, the picturesque village of Berry is showing some positives.Full summary A two-hour drive south of Sydney on the Princes Highway, the picturesque village of Berry is showing some positives.

At $810,000, the median house price in Berry already means it’s one of the more expensive locations in the Shoalhaven, and market conditions indicate that is likely to continue.

House prices in the township of around 2,000 people have increased 20% in the last year and are up 37% in the past three.

Buyers may be able to haggle though, with houses spending on average 104 days on the market and vendors already offering discounts of 4%.

Likely helping Berry’s prospects at the moment is the investment in the Princes Highway. The NSW Government is currently spending $580m to upgrade the highway, which will see it bypass Berry and also drastically reduce the commute to both Wollongong and Sydney.Close
Metrics i HOUSE UNIT
$1,000,000 N/A
3.63% N/A
16.28% N/A
10.21% N/A
$560 N/A
61 N/A
2.91% N/A
113.48 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Berry NSW
Demographics
Total population 2420
Median household income ($/weekly) 1054
Median age of persons 52
Median housing loan repayment ($/monthly) 1800
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 247 10.2
    45-54 years 343 14.2
    55-64 years 376 15.5
    65-74 years 365 15.1
    75-84 years 261 10.8
    Others 828 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 1096 60.6
    Not Married 581 32.1
    Defacto Relationship 133 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1916 82.5
    New Zealand 17 0.7
    Papua New Guinea 39 1.7
    United Kingdom 227 9.8
    Other 39 1.7
    Others 84 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1677 74.4
    No Religion 541 24.0
    Other Religious Groups 15 0.7
    Buddhism 13 0.6
    Judaism 7 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 108 12.8
    $600-$799 98 11.6
    $800-$999 87 10.3
    $1,000-$1,249 84 9.9
    $1,500-$1,999 96 11.3
    Others 374 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 964 48.4
    Employed, worked full-time 532 26.7
    Employed, worked part-time 411 20.6
    Employed, away from work 46 2.3
    Unemployed, looking for work 38 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 171 17.3
    Professionals 248 25.0
    Technicians & trades workers 146 14.7
    Clerical & administrative workers 119 12.0
    Sales 96 9.7
    Others 211 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 51 10.6
    Infants/Primary 151 31.5
    Secondary 154 32.1
    Technical or Further Educational Institution 48 10.0
    University or other Tertiary Institutions 66 13.8
    Others 10 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1930 88.5
    Semi-detached, row or terrace house, townhouse 198 9.1
    Flat, unit or apartment 50 2.3
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 487 52.9
    Being purchased 256 27.8
    Rented 133 14.4
    Other tenure type 45 4.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals