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.