Property value increases in Berwick have tracked close to the VIC average of -1.79% over the last 12 months.
Berwick,3806 was ranked 2359 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Berwick are currently offering property investors an average price cut of -8.57% below the asking price at the moment.
Berwick is 383th on a list of best yielding suburbs for rents in VIC with a 3.28% return
Property value increases in Berwick have tracked close to the VIC average of 0.68% over the last 12 months.
Taking the average capital gain, or increase in median house value, Berwick,3806 has racked up an average of -0.88% over the period. This ranks it number 245th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Berwick is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 7th in terms of most discounted suburbs in VIC
In the last year 73 properties changed hands in Berwick, which puts it as the 83th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $380 mark per week – giving a return of 3.89% based on the median price in Suburb