Suburb Profile Report for Berwick VIC (3806)

Berwick House: Median price $560,000, Annual capital growth 6.55%, Number of sales 872, Weekly median advertised rent $390

Berwick Unit: Median price $402,000, Annual capital growth 4.52%, Number of sales 126, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Berwick have tracked just higher than the VIC average of 8.50% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Berwick comes in at number 273th in VIC.

Berwick3806 is located in VIC which offers an average discount of -6.06% to property investors. Berwick itself is showing figures that indicate -3.76% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.55%, investors should hope to achieve an overall return of 3.62%

Investment property in Berwick has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.95%

If we look at median property appreciation over just the last three months, Berwick has given property investors a paper return of -2.55%. This puts Suburb as 306 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Berwick should be aiming for at least -2.95% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Berwick have been waiting around 63.07 days to sell a property.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

HOUSE UNIT
$560,000 $402,000
1.25% -2.55%
12.00% -1.95%
6.55% 4.52%
$390 $350
872 126
3.62% 4.53%
37.52 63.07

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 44779
Median household income ($/weekly) 1559
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 7209 16.1
    25-34 years 5568 12.4
    35-44 years 7785 17.4
    45-54 years 6103 13.6
    55-64 years 3889 8.7
    Others 14226 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 17957 56.8
    Not Married 11168 35.3
    Defacto Relationship 2512 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 30800 71.5
    Indonesia 974 2.3
    Sri Lanka 961 2.2
    United Kingdom 3172 7.4
    Other 2184 5.1
    Others 4980 11.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 1211 2.9
    Christianity 28023 67.7
    Hinduism 783 1.9
    Islam 925 2.2
    No Religion 10089 24.4
    Others 363 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 1180 8.9
    $1,250-$1,499 1157 8.8
    $1,500-$1,999 2028 15.4
    $2,000-$2,499 1746 13.2
    $2,500-$2,999 1381 10.5
    Others 5711 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 14300 43.5
    Not in the labour force 9596 29.2
    Employed, worked part-time 6642 20.2
    Employed, away from work 1244 3.8
    Unemployed, looking for work 1055 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 3033 13.7
    Professionals 4351 19.6
    Technicians & trades workers 3433 15.5
    Clerical & administrative workers 3860 17.4
    Sales 2433 11.0
    Others 5078 22.9
    Occupation
    Census Count Percent(%)
    Pre-school 995 8.1
    Infants/Primary 4618 37.7
    Secondary 3672 30.0
    Technical or Further Educational Institution 1057 8.6
    University or other Tertiary Institutions 1573 12.8
    Others 344 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 39228 92.1
    Semi-detached, row or terrace house, townhouse 2283 5.4
    Flat, unit or apartment 1054 2.5
    House or flat attached to a shop, office 16 0.0
    Improvised home, tent, sleepers out 5 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 7538 52.6
    Fully owned 3855 26.9
    Rented 2756 19.2
    Other tenure type 182 1.3
    Tenure Type
Census 2011, ABS
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