Berwick has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.27% to date .
A 25.56% growth in median value for property investors in Berwick,3806 puts this suburb at number 320th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Berwick are currently offering property investors an average price cut of -4.02% below the asking price at the moment.
At number 214 in a list of fastest selling suburbs, Berwick is in the TOP 10% of suburbs in Australia with an average of days on market 39.18 for properties listed there.
Berwick, 3806’s gross rental yield is 3.59%
Property investors who have had real estate in Berwick, 3806 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.34%
A 9.37% growth in median value for property investors in Berwick,3806 puts this suburb at number 304th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Berwick should be aiming for at least -3.18% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 126 properties changed hands in Berwick, which puts it as the 60th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.39%, investors should hope to achieve an overall return of 4.58%