Fraud Blocker

Berwick, VIC 3806

Home » VIC Real Estate Data » Casey City, VIC » Berwick, VIC 3806

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 Berwick, VIC 3806 located in Melbourne 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Berwick, VIC 3806”

  1. The total adult population (15 years or older) of Berwick 3806 VIC is 39,859, with a median age of 38. Of those, 54.32% are married, 10.13% are divorced or separated, 31.01% are single and 4.54% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,384. The median monthly mortgage repayment for households in this suburb is $2,000 which is 21.31% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Berwick 3806 is home to an estimated 21,527 households. As of the third quarter of 2023, typical house prices in Berwick are positioned at a substantial $986,296. With a median weekly rent of $468, this equates to an indicative yield of around 2.47%, slightly under the mark of attractiveness for cashflow-focused investors but not to be discarded without consideration of the other metrics.

    The socio-economic affluence of this region can be determined through its IRSAD score which sits at a promising 1043 out of 1217. This score indicates that the majority of residents in this area fall into the upper bracket, boasting better socio-economic advantages; a positive indication for investors looking for more stable rental returns and capital growth potential.

    The suburb also has a renter to owner ratio of 22%. It’s well below the threshold of 30%, suggesting a profitable market for investment with a lower risk of high competition from other rental properties. Another encouraging metric is the unit to houses ratio, standing at a mere 6%, which means that the property market is not oversaturated with units and it is attractive to long-term tenants such as families who typically demand for house properties.

    However, the affordability index for houses is 41 years, which is relatively high. It means that it may take an average family 41 years to fully own a property in this area, indicating a certain level of unaffordability.

    In terms of supply, Berwick shows relatively neutral conditions. Stock on the Market Percentage rests at 0.68%, which is within the neutral zone but not too far off the more favourable lower end. inventory levels are at 2.23 months, another neutral but encouraging figure that points towards a balanced market. building approvals Ratio for houses is fairly low at 0.62%, indicating a limited supply of new residential blocks coming to the market.

    Berwick’s demand metrics present a more vibrant picture. Average days on the market for houses are just 27, showing high demand and a fast turnover of properties. Meanwhile, the vacancy rate sits at 1.95%, which is a fairly promising medium range, indicating the right balance between supply and demand. Lastly, the buy search index for houses is 3. Though it’s on the lower end of demand indications, it’s not far off from the neutral position and could be paired with other favourable metrics to qualify this market as worthwhile for investment.

    In conclusion, while each metric should be taken into account, investors should remember to look at the big picture and be aware that a few unfavorable ranges can be counterbalanced by other areas of positive performance—and Berwick 3806 may indeed fit this depiction. As always, the HtAG’s Relative Composite Score (RCS) could be handy in this scenario to automate the comparison and analysis of over 80 property metrics.

    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.

Leave a comment