Suburb Profile Report for Berwick VIC (3806)

Berwick House: Median price $626,000, Annual capital growth 7.12%, Number of sales 789, Weekly median advertised rent $400

Berwick Unit: Median price $446,000, Annual capital growth 5.33%, Number of sales 116, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Berwick is in the bottom 40% 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 8.87%.

Comparing Berwick,3806 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Berwick is $626000, with sellers offering an average of -3.43% off the asking price.

Berwick is 323th on a list of best yielding suburbs for rents in VIC with a 3.32% return

Property value increases in Berwick have tracked just higher than the VIC average of 5.66% over the last 12 months.

If we look at median property appreciation over just the last three months, Berwick has given property investors a paper return of 3.48%. This puts Suburb as 103 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Berwick is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 203th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.33%, investors should hope to achieve an overall return of 4.08%

Metrics i HOUSE UNIT
$626,000 $446,000
1.62% 3.48%
8.87% 8.78%
7.12% 5.33%
$400 $350
789 116
3.32% 4.08%
35.98 66.29

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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
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