Suburb Profile Report for Berriedale TAS (7011)

Berriedale House: Median price $260,000, Annual capital growth 3.83%, Number of sales 49, Weekly median advertised rent $320

Berriedale Unit: Median price $190,000, Annual capital growth N/A, Number of sales 15, Weekly median advertised rent $195

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

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$260,000 $190,000
0.00% -10.59%
-5.45% N/A
3.83% N/A
$320 $195
49 15
6.40% 5.34%
77.82 75.54

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2704
Median household income ($/weekly) 865
Median age of persons 43
Median housing loan repayment ($/monthly) 1343
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 323 11.9
    25-34 years 305 11.3
    35-44 years 301 11.1
    45-54 years 369 13.7
    55-64 years 348 12.9
    Others 1057 39.1
    Age Group
    Census Count Percent(%)
    Not Married 882 44.4
    Registered Married 878 44.2
    Defacto Relationship 225 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2352 91.6
    Greece 13 0.5
    Philippines 18 0.7
    United Kingdom 91 3.5
    Other 21 0.8
    Others 74 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.6
    Christianity 1833 75.6
    Hinduism 6 0.2
    Other Religious Groups 12 0.5
    No Religion 556 22.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 124 12.8
    $400-$599 139 14.3
    $600-$799 118 12.2
    $800-$999 108 11.1
    $1,500-$1,999 113 11.6
    Others 369 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 936 43.6
    Employed, worked full-time 662 30.8
    Employed, worked part-time 389 18.1
    Unemployed, looking for work 82 3.8
    Employed, away from work 78 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 119 10.6
    Technicians & trades workers 209 18.6
    Community & personal service workers 140 12.4
    Clerical & administrative workers 186 16.5
    Labourers 143 12.7
    Others 329 29.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 213 41.0
    Secondary 163 31.3
    Technical or Further Educational Institution 79 15.2
    University or other Tertiary Institutions 41 7.9
    Other type of educational institution 16 3.1
    Others 8 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2231 89.6
    Flat, unit or apartment 154 6.2
    Semi-detached, row or terrace house, townhouse 87 3.5
    Caravan, cabin, houseboat 17 0.7
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 374 36.1
    Being purchased 368 35.5
    Rented 290 28.0
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals