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Berridale, NSW 2628

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Berridale, NSW 2628 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Berridale, NSW 2628”

  1. The total adult population (15 years or older) of Berridale 2628 NSW is 1,080, with a median age of 45. Of those, 43.89% are married, 14.72% are divorced or separated, 35.28% are single and 5.74% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,788. The median monthly mortgage repayment for households in this suburb is $1,300 which is 16.69% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Berridale, located in New South Wales (NSW), is home to about 897 households. Analysis of the data for Q3 2023 reveals that the typical price of houses in Berridale 2628 is $721,491. With median weekly rent sitting at $551, this gives investors an indicative yield of just under 4%. This surpasses the minimum attractive market requirement of 3% for cashflow-centered property investors.

    Berridale boasts a promising IRSAD score of 970 out of 1217, signifying a relatively strong socio-economic status in the community. The renter to owner ratio in the suburb is just 24%, falling below the 30% threshold which makes it an attracting market for investors as it is not over-saturated with rental properties.

    Further enhancing Berridale’s appeal is its low units to houses ratio of 9%, suggesting there is less competition amongst landlords for tenants and thereby helping to keep rental yields high. This low ratio also means there’s a higher likelihood of attracting families who tend to have longer tenancy periods.

    However, the affordability index in Berridale is somewhat high, with 36 years required to fully own a property, based on current interest rates, median family income and typical property prices – making it slightly less affordable.

    In regard to supply metrics, the stock on market percentage for houses is extremely favourable at just 0.13%. Similarly, the inventory for houses is low at 0.4 months, suggesting the market can absorb new listings efficiently. The building approvals ratio sits notably low at 0%, indicating a low supply of new dwellings entering the market.

    On the demand side, the average number of days houses stay on the market in Berridale is 44 days and the combined vacancy rate for houses and units is 3.2%, showing neutral demand. The buying search index, i.e. how popular the area is among potential investors, sits at 4 – also indicating neutral levels of interest.

    In summary, with a high indicative yield, low supply metrics and relatively strong socio-economic indicators, despite a slight drawback of a high affordability index, Berridale 2628 currently presents an interesting market for property investors looking to add a strong performing asset to their portfolio. Regularly updating one’s knowledge with HtAG analytics and observing the Relative Composite Score (RCS) would further aid in making informed decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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