Suburb Profile Report for Berry NSW (2535)

Berry House: Median price $1,050,000, Annual capital growth 9.60%, Number of sales 70, Weekly median advertised rent $578

Berry Unit: Median price $823,000, Annual capital growth -21.55%, Number of sales 10, Weekly median advertised rent $430

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Berry has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -25.00%

Taking the average capital gain, or increase in median house value, Berry,2535 has racked up an average of -25.00% over the period. This ranks it number 1201th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Berry should be aiming for at least -7.66% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Berry the average time real estate has been on the market is 141.974 days.

Situated 111.51km from the CBD, Berry is one of Shoalhaven (C) localities in the postcode 2535.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 2.72%, without taking into account capital value appreciation, which has been averaging out at -21.55%.

YIP MAG Information supplied by:

YIP MAG
July 2016

M
O

W
E
A two-hour drive south of Sydney on the Princes Highway, the picturesque village of Berry is showing some positives.

At $810,000, the median house price in Berry already means it’s one of the more expensive locations in the Shoalhaven, and market conditions indicate that is likely to continue.

House prices in the township of around 2,000 people have increased 20% in the last year and are up 37% in the past three.

Buyers may be able to haggle though, with houses spending on average 104 days on the market and vendors already offering discounts of 4%.

Likely helping Berry’s prospects at the moment is the investment in the Princes Highway. The NSW Government is currently spending $580m to upgrade the highway, which will see it bypass Berry and also drastically reduce the commute to both Wollongong and Sydney.
Metrics i HOUSE UNIT
$1,050,000 $823,000
0.96% N/A
-25.00% N/A
9.60% -21.55%
$578 $430
70 10
2.86% 2.72%
141.974358974359 N/A

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 : Below average (H), Balanced (U)
Find a mortgage broker in Berry NSW
Demographics
Total population 2420
Median household income ($/weekly) 1054
Median age of persons 52
Median housing loan repayment ($/monthly) 1800
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 247 10.2
    45-54 years 343 14.2
    55-64 years 376 15.5
    65-74 years 365 15.1
    75-84 years 261 10.8
    Others 828 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 1096 60.6
    Not Married 581 32.1
    Defacto Relationship 133 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1916 82.5
    New Zealand 17 0.7
    Papua New Guinea 39 1.7
    United Kingdom 227 9.8
    Other 39 1.7
    Others 84 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1677 74.4
    No Religion 541 24.0
    Other Religious Groups 15 0.7
    Buddhism 13 0.6
    Judaism 7 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 108 12.8
    $600-$799 98 11.6
    $800-$999 87 10.3
    $1,000-$1,249 84 9.9
    $1,500-$1,999 96 11.3
    Others 374 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 964 48.4
    Employed, worked full-time 532 26.7
    Employed, worked part-time 411 20.6
    Employed, away from work 46 2.3
    Unemployed, looking for work 38 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 171 17.3
    Professionals 248 25.0
    Technicians & trades workers 146 14.7
    Clerical & administrative workers 119 12.0
    Sales 96 9.7
    Others 211 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 51 10.6
    Infants/Primary 151 31.5
    Secondary 154 32.1
    Technical or Further Educational Institution 48 10.0
    University or other Tertiary Institutions 66 13.8
    Others 10 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1930 88.5
    Semi-detached, row or terrace house, townhouse 198 9.1
    Flat, unit or apartment 50 2.3
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 487 52.9
    Being purchased 256 27.8
    Rented 133 14.4
    Other tenure type 45 4.9
    Tenure Type
Census 2011, ABS
Chart Table