Berwick is an average performer in VIC when comparing median price capital growth over the last year. Berwick gave property investors a good capital gain figure when compared to the rest of the state, with 10.68%.
Berwick,3806 was ranked 1534 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Berwick itself are offering an average vendor discount of -3.84% to real estate investors.
With the median price for a house in Berwick being $570000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.56%
Berwick is in the bottom 20% in VIC when comparing median price capital growth over the last year. Berwick gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.41%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Berwick has increased when compared to the 5 year average annual rate.
Berwick3806 is located in VIC which offers an average discount of -5.22% to property investors. Berwick itself is showing figures that indicate -3.08% is the average achievable by property buyers investing in the suburb.
Situated 40.86km from the CBD, Berwick is one of Casey localities in the postcode 3806.