Suburb Profile Report for Berkeley Vale NSW (2261)

Berkeley Vale House: Median price $560,750, Annual capital growth 6.38%, Number of sales 158, Weekly median advertised rent $450

Berkeley Vale Unit: Median price $316,000, Annual capital growth 6.02%, Number of sales 24, Weekly median advertised rent $320

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of -2.48% for the last 12 months, Berkeley Vale, 2261 has performed for property investments than its average annual 6.38% property growth over the last 5 years.

Across a shorter period, Berkeley Vale, 2261 has seen a median price increase of 1.54% over the last quarter.

Vendor discounting in Berkeley Vale is giving property investors an average Vendor Discount of around -5.57%. This puts suburb at number 601th in NSW when ranking the most discounted suburbs.

Residents and property investors in Berkeley Vale have been waiting around 64.8689 days to sell a property.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.17%, without taking into account capital value appreciation, which has been averaging out at 6.38%.

Berkeley Vale has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.61% to date .

Berkeley Vale,2261 has offered an average of 3.61% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Berkeley Vale should be aiming for at least -5.94% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1125 in a list of fastest selling suburbs, Berkeley Vale is in the bottom 20% of suburbs in Australia with an average of days on market 101.636 for properties listed there.

Metrics i HOUSE UNIT
$560,750 $316,000
1.54% 1.61%
-2.48% 3.61%
6.38% 6.02%
$450 $320
158 24
4.17% 5.27%
64.8688524590164 101.636363636364

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8486
Median household income ($/weekly) 1135
Median age of persons 36
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1259 14.8
    25-34 years 1036 12.2
    35-44 years 1119 13.2
    45-54 years 1163 13.7
    55-64 years 905 10.7
    Others 3005 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2848 47.1
    Not Married 2585 42.7
    Defacto Relationship 615 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7326 89.5
    Greece 29 0.4
    Papua New Guinea 148 1.8
    United Kingdom 375 4.6
    Other 96 1.2
    Others 211 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 0.7
    Christianity 6061 76.8
    Islam 18 0.2
    Other Religious Groups 26 0.3
    No Religion 1704 21.6
    Others 20 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 345 12.9
    $600-$799 275 10.2
    $1,000-$1,249 267 9.9
    $1,500-$1,999 396 14.8
    $2,000-$2,499 278 10.4
    Others 1123 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2340 36.9
    Not in the labour force 2211 34.9
    Employed, worked part-time 1314 20.7
    Unemployed, looking for work 251 4.0
    Employed, away from work 222 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 536 13.8
    Technicians & trades workers 715 18.4
    Community & personal service workers 472 12.2
    Clerical & administrative workers 557 14.4
    Sales 466 12.0
    Others 1133 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 216 10.0
    Infants/Primary 809 37.4
    Secondary 627 29.0
    Technical or Further Educational Institution 213 9.8
    University or other Tertiary Institutions 246 11.4
    Others 54 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7504 93.4
    Flat, unit or apartment 266 3.3
    Semi-detached, row or terrace house, townhouse 247 3.1
    House or flat attached to a shop, office 16 0.2
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1314 45.1
    Fully owned 939 32.2
    Rented 650 22.3
    Other tenure type 10 0.3
    Tenure Type
Census 2011, ABS
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