Berwick has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.77% to date .
Taking the average capital gain, or increase in median house value, Berwick,3806 has racked up an average of 8.77% over the period. This ranks it number 1387th 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 -3.39% off the asking price, which is the average vendor discount being achieved at the moment.
At number 304 in a list of fastest selling suburbs, Berwick is in the TOP 10% of suburbs in Australia with an average of days on market 38.22 for properties listed there.
Situated 41.90km from the CBD, Berwick is one of Casey localities in the postcode 3806.
Giving property investors a a stable capital gain of 9.45% for the last year, Berwick, 3806 is the 498th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Berwick has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.56% to buyers in Berwick at the moment, which is less than average for the rest of VIC.
Residents and property investors in Berwick have been waiting around 70.27 days to sell a property.
Property investors should expect to get $350 weekly from the median priced house in this suburb.