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%