Investment property in Berwick has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.67%
Across a shorter period, Berwick, 3806 has seen a median price increase of 2.35% over the last quarter.
Berwick3806 is located in VIC which offers an average discount of -5.71% to property investors. Berwick itself is showing figures that indicate -3.66% is the average achievable by property buyers investing in the suburb.
With a capital gain of 4.62% for the last 12 months, Berwick, 3806 has performed for property investments than its average annual 5.06% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Berwick,3806 has racked up an average of 4.62% over the period. This ranks it number 508th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -3.71% to buyers in Berwick at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Berwick the average time real estate has been on the market is 66.93 days.
Advertised rents are around the $350 mark per week – giving a return of 4.17% based on the median price in Suburb