With a capital gain of 13.50% for the last 12 months, Berwick, 3806 has performed for property investments than its average annual 6.71% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Berwick comes in at number 281th in VIC.
Vendor discounting in Berwick is giving property investors an average Vendor Discount of around -3.74%. This puts suburb at number 502th in VIC when ranking the most discounted suburbs.
At number 288 in a list of fastest selling suburbs, Berwick is in the TOP 10% of suburbs in Australia with an average of days on market 39.88 for properties listed there.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
Berwick is in the bottom 30% in VIC when comparing median price capital growth over the last year. Berwick gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.25%.
Taking the average capital gain, or increase in median house value, Berwick,3806 has racked up an average of 0.25% over the period. This ranks it number 759th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Berwick should be aiming for at least -3.15% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Berwick the average time real estate has been on the market is 64.74 days.
Berwick is 151th on a list of best yielding suburbs for rents in VIC with a 4.48% return