Over the last year, property investments in Berwick, 3806 have given investors a capital gain of 12.82%. This compares averagely with the 11.63% for VIC as a whole.
Berwick,3806 was ranked 814 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Berwick should be aiming for at least -3.68% off the asking price, which is the average vendor discount being achieved at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.15%, without taking into account capital value appreciation, which has been averaging out at 7.33%.
At number 401th in the list of Australian suburbs ordered by increase in median house value over the last year, Berwick, 3806 is in the top 30% with a property value increase of 12.20% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Berwick has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.69% to buyers in Berwick at the moment, which is less than average for the rest of VIC.