Suburb Profile Report for Berwick VIC (3806)

Berwick House: Median price $682,000, Annual capital growth 5.64%, Number of sales 650, Weekly median advertised rent $420

Berwick Unit: Median price $525,000, Annual capital growth 4.05%, Number of sales 116, Weekly median advertised rent $380

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

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

  • House Report
  • Unit Report

Property investors who have had real estate in Berwick, 3806 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.29%

Taking the average capital gain, or increase in median house value, Berwick,3806 has racked up an average of 0.29% over the period. This ranks it number 1138th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Berwick itself are offering an average vendor discount of -6.40% to real estate investors.

With the median price for a house in Berwick being $682000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.20%

At number 587th in the list of Australian suburbs ordered by increase in median house value over the last year, Berwick, 3806 is in the top 40% with a property value increase of 3.70% recorded in median house prices.

Berwick,3806 was ranked 406 in Australia by increase in median property value over the quarter.

Vendor discounting in Berwick is giving property investors an average Vendor Discount of around -7.58%. This puts suburb at number 31th in VIC when ranking the most discounted suburbs.

Residents and property investors in Berwick have been waiting around 65.3261 days to sell a property.

The VIC suburb of Berwick, 3806 is in the Casey (C) local government area.

Metrics i HOUSE UNIT
$682,000 $525,000
1.79% 2.94%
0.29% 3.70%
5.64% 4.05%
$420 $380
650 116
3.20% 3.76%
49.3546511627907 65.3260869565217

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 44779
Median household income ($/weekly) 1559
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 7209 16.1
    25-34 years 5568 12.4
    35-44 years 7785 17.4
    45-54 years 6103 13.6
    55-64 years 3889 8.7
    Others 14226 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 17957 56.8
    Not Married 11168 35.3
    Defacto Relationship 2512 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 30800 71.5
    Indonesia 974 2.3
    Sri Lanka 961 2.2
    United Kingdom 3172 7.4
    Other 2184 5.1
    Others 4980 11.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 1211 2.9
    Christianity 28023 67.7
    Hinduism 783 1.9
    Islam 925 2.2
    No Religion 10089 24.4
    Others 363 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 1180 8.9
    $1,250-$1,499 1157 8.8
    $1,500-$1,999 2028 15.4
    $2,000-$2,499 1746 13.2
    $2,500-$2,999 1381 10.5
    Others 5711 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 14300 43.5
    Not in the labour force 9596 29.2
    Employed, worked part-time 6642 20.2
    Employed, away from work 1244 3.8
    Unemployed, looking for work 1055 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 3033 13.7
    Professionals 4351 19.6
    Technicians & trades workers 3433 15.5
    Clerical & administrative workers 3860 17.4
    Sales 2433 11.0
    Others 5078 22.9
    Occupation
    Census Count Percent(%)
    Pre-school 995 8.1
    Infants/Primary 4618 37.7
    Secondary 3672 30.0
    Technical or Further Educational Institution 1057 8.6
    University or other Tertiary Institutions 1573 12.8
    Others 344 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 39228 92.1
    Semi-detached, row or terrace house, townhouse 2283 5.4
    Flat, unit or apartment 1054 2.5
    House or flat attached to a shop, office 16 0.0
    Improvised home, tent, sleepers out 5 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 7538 52.6
    Fully owned 3855 26.9
    Rented 2756 19.2
    Other tenure type 182 1.3
    Tenure Type
Census 2011, ABS
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