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 11.24%
Berwick,3806 was ranked 1038 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Berwick are currently offering property investors an average price cut of -3.30% below the asking price at the moment.
On average over the past year, suburb has had 77.50 sales per month, which equates to 930 per year.
Property investors who have had real estate in Berwick, 3806 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.04%
Taking the average capital gain, or increase in median house value, Berwick,3806 has racked up an average of 5.04% over the period. This ranks it number 750th 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 -3.11% 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 65.13 days to sell a property.
Advertised rents are around the $350 mark per week – giving a return of 4.43% based on the median price in Suburb