Suburb Profile Report for Beresfield NSW (2322)

Beresfield House: Median price $393,000, Annual capital growth 5.44%, Number of sales 88, Weekly median advertised rent $360

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

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Beresfield have tracked higher than the NSW average of 1.39% over the last 12 months.

Across a shorter period, Beresfield, 2322 has seen a median price increase of 3.27% over the last quarter.

Property investors looking for a bargain in Beresfield should be aiming for at least -4.55% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

At number 689th in the list of Australian suburbs ordered by increase in median house value over the last year, Beresfield, 2322 is in the top half with a property value increase of 2.34% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Beresfield,2322 has racked up an average of 2.34% over the period. This ranks it number 305th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Beresfield is $327500, with sellers offering an average of -1.82% off the asking price.

Residents and property investors in Beresfield have been waiting around 18 days to sell a property.

Advertised rents are around the $340 mark per week – giving a return of 5.40% based on the median price in Suburb

Information supplied by:


April 2019

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Located 22km northwest of the Newcastle CBD, the suburb of Beresfield attracts residents due to its convenienceFull summary

Everything falls into place for Newcastle suburb

Postcode: 2322

Median unit price: $327,500

Three-year growth: 25.4%

Rental yield: 5.4%

Located 22km northwest of the Newcastle CBD, the suburb of Beresfield attracts residents due to its convenience.

Apartment values rose by 2.3% over the 12 months to January 2019, but the median price remains quite affordable at under $350,000. This affordability could be a reason why such properties barely get comfortable on the market before being snapped up, spending an average of less than 20 days on sale. Investors can even reap remarkable yields of 5.4% on average.

The northern side of Beresfield contains the local shopping centre and railway station, which is part of the Hunter line. To the south are the suburb’s sports facilities, including the bowling club, swimming pool, oval and golf course. The Newcastle Memorial Park cemetery is situated on this side of town as well.

The suburb is community-oriented, with youth organisations that reach out to the disadvantaged.

Close
Metrics i HOUSE UNIT
$393,000 N/A
-0.25% N/A
12.29% N/A
5.44% N/A
$360 N/A
88 N/A
4.76% N/A
56.909092 N/A

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 3077
Median household income ($/weekly) 917
Median age of persons 40
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    25-34 years 423 13.7
    35-44 years 349 11.3
    45-54 years 347 11.3
    55-64 years 384 12.5
    65-74 years 398 12.9
    Others 1177 38.2
    Age Group
    Census Count Percent(%)
    Registered Married 1180 49.2
    Not Married 963 40.1
    Defacto Relationship 257 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2749 93.0
    Greece 17 0.6
    Papua New Guinea 19 0.6
    United Kingdom 68 2.3
    Other 22 0.7
    Others 82 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 2376 82.6
    No Religion 460 16.0
    Buddhism 20 0.7
    Other Religious Groups 15 0.5
    Hinduism 4 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 117 10.2
    $400-$599 192 16.8
    $600-$799 155 13.5
    $1,000-$1,249 117 10.2
    $1,500-$1,999 137 12.0
    Others 428 37.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1090 45.0
    Employed, worked full-time 769 31.7
    Employed, worked part-time 374 15.4
    Employed, away from work 103 4.3
    Unemployed, looking for work 87 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 244 19.6
    Clerical & administrative workers 153 12.3
    Sales 138 11.1
    Machinery operators & drivers 145 11.7
    Labourers 235 18.9
    Others 328 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 50 9.0
    Infants/Primary 205 36.7
    Secondary 170 30.5
    Technical or Further Educational Institution 72 12.9
    University or other Tertiary Institutions 49 8.8
    Others 12 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2831 94.8
    Semi-detached, row or terrace house, townhouse 88 2.9
    Flat, unit or apartment 68 2.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 516 42.6
    Being purchased 399 33.0
    Rented 292 24.1
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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