Suburb Profile Report for Berwick VIC (3806)

Berwick House: Median price $550,000, Annual capital growth 6.61%, Number of sales 890, Weekly median advertised rent $385

Berwick Unit: Median price $410,000, Annual capital growth 4.69%, Number of sales 126, Weekly median advertised rent $345

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

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  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 13.17% for the last year, Berwick, 3806 is the 1113th highest performer in Australia in this respect.

A 22.22% growth in median value for property investors in Berwick,3806 puts this suburb at number 165th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Berwick is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 532th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Berwick the average time real estate has been on the market is 38.03 days.

Berwick is an average performer in VIC when comparing median price capital growth over the last year. Berwick gave property investors a average capital gain figure when compared to the rest of the state, with 4.86%.

A 21.84% growth in median value for property investors in Berwick,3806 puts this suburb at number 272th in terms of best performing suburbs in VIC

Berwick, 3806 is offering VIC ‘s 280th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.

Residents and property investors in Berwick have been waiting around 59.67 days to sell a property.

Property investors should expect to get $345 weekly from the median priced house in this suburb.

HOUSE UNIT
$550,000 $410,000
3.07% -1.20%
13.17% 4.86%
6.61% 4.69%
$385 $345
890 126
3.64% 4.38%
38.03 59.67

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Good (U), Good (H)
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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
Chart Table
Recent sales & rentals