Suburb Profile Report for Berwick VIC (3806)

Berwick House: Median price $620,000, Annual capital growth 6.99%, Number of sales 807, Weekly median advertised rent $395

Berwick Unit: Median price $440,000, Annual capital growth 5.19%, Number of sales 118, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$620,000 $440,000
2.48% 2.21%
8.77% 9.45%
6.99% 5.19%
$395 $350
807 118
3.31% 4.14%
38.22 70.27

Source: CoreLogic

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