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.