Suburb Profile Report for Berriedale TAS (7011)

Berriedale House: Median price $375,000, Annual capital growth 4.93%, Number of sales 47, Weekly median advertised rent $400

Berriedale Unit: Median price $155,000, Annual capital growth -5.78%, Number of sales 12, Weekly median advertised rent $308

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

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

  • House Report
  • Unit Report

At number 720th in the list of Australian suburbs ordered by increase in median house value over the last year, Berriedale, 7011 is in the top 20% with a property value increase of 7.76% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Berriedale comes in at number 34th in TAS.

Property buyers and investors in Berriedale 7011 should be seeing an average reduction in asking price of around -6.02% . This means that Berriedale is holding prices well when compared to other suburbs in TAS.

At number 15 in a list of fastest selling suburbs, Berriedale is in the TOP 10% of suburbs in Australia with an average of days on market 24.3143 for properties listed there.

Berriedale, 7011’s gross rental yield is 5.55%

Giving property investors a a poor capital gain of -38.98% for the last year, Berriedale, 7011 is the 1493th highest performer in Australia in this respect.

While Berriedale,7011 ranked number 60th in TAS for increase in median house value (annualised) increase, it is ranked 54th over the last 5 years.

Using the current median advertised rental of $307.5 and the average annual increase in value of a median property of -5.78%, investors should hope to achieve an overall return of 10.32%

Metrics i HOUSE UNIT
$375,000 $155,000
0.00% -7.98%
7.76% -38.98%
4.93% -5.78%
$400 $308
47 12
5.55% 10.32%
24.3142857142857 N/A

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

DSR Score for property investment : Excellent (H), Good (U)
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Demographics
Total population 2704
Median household income ($/weekly) 865
Median age of persons 43
Median housing loan repayment ($/monthly) 1343
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 323 11.9
    25-34 years 305 11.3
    35-44 years 301 11.1
    45-54 years 369 13.7
    55-64 years 348 12.9
    Others 1057 39.1
    Age Group
    Census Count Percent(%)
    Not Married 882 44.4
    Registered Married 878 44.2
    Defacto Relationship 225 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2352 91.6
    Greece 13 0.5
    Philippines 18 0.7
    United Kingdom 91 3.5
    Other 21 0.8
    Others 74 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.6
    Christianity 1833 75.6
    Hinduism 6 0.2
    Other Religious Groups 12 0.5
    No Religion 556 22.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 124 12.8
    $400-$599 139 14.3
    $600-$799 118 12.2
    $800-$999 108 11.1
    $1,500-$1,999 113 11.6
    Others 369 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 936 43.6
    Employed, worked full-time 662 30.8
    Employed, worked part-time 389 18.1
    Unemployed, looking for work 82 3.8
    Employed, away from work 78 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 119 10.6
    Technicians & trades workers 209 18.6
    Community & personal service workers 140 12.4
    Clerical & administrative workers 186 16.5
    Labourers 143 12.7
    Others 329 29.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 213 41.0
    Secondary 163 31.3
    Technical or Further Educational Institution 79 15.2
    University or other Tertiary Institutions 41 7.9
    Other type of educational institution 16 3.1
    Others 8 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2231 89.6
    Flat, unit or apartment 154 6.2
    Semi-detached, row or terrace house, townhouse 87 3.5
    Caravan, cabin, houseboat 17 0.7
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 374 36.1
    Being purchased 368 35.5
    Rented 290 28.0
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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