Property investors who have had real estate in Berwick, 3806 should be relatively pleased 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 13.82%
When looking at the potential capital gains offered to property investors over the last 3 years, Berwick comes in at number 265th in VIC.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Berwick, 3806. Typically our figures indicate that -3.67% is being offered, which puts this VIC suburb at 3266th most discounted overall in Australia.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
Property value increases in Berwick have tracked lower than the VIC average of 4.48% over the last 12 months.
While Berwick,3806 ranked number 304th in VIC for increase in median house value (annualised) increase, it is ranked 142th over the last 5 years.
Our latest figures would indicate that property sellers in Berwick are currently offering property investors an average price cut of -3.22% below the asking price at the moment.
Property investors should expect to get $350 weekly from the median priced house in this suburb.