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%