If you compare the increase in value of investment property in Berriedale, 7011 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -5.45%.
Over the longer term, Berriedale has seen property prices show investors a 14.29% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Berriedale are currently offering property investors an average price cut of -6.94% below the asking price at the moment.
In the last year 49 properties changed hands in Berriedale, which puts it as the 56th most active market in TAS when comparing the number of sales per suburb.
Situated 10.46km from the CBD, Berriedale is one of Glenorchy localities in the postcode 7011.
If we look at median property appreciation over just the last three months, Berriedale has given property investors a paper return of -10.59%. This puts Suburb as 51 on a list of fastest fasting appreciating suburbs in TAS
LACK OF BUYER INTEREST may well be the reason that Berriedale is offering property investors an average of -5.75. This rate of discount on properties puts Suburb at number 26th in terms of most discounted suburbs in TAS
Berriedale is 35th on a list of best yielding suburbs for rents in TAS with a 5.34% return