The latest data published on January 22, 2018 has the median price of a house in Berwick at $670,000. The median price for a unit is $485,000. The median price of a 4 bedroom home is $715,000. The 12 month capital growth for houses is 10.69% and for units it is 12.22%. The average annual capital growth stands at 7.37% for houses and 5.49% for units. The gross rental yield is currently 3.24% and 4.1% respectively. You can expect a house to be on the market for 16 days.
According to the Demand to Supply Ratio or DSR rate both houses and units as good. This translates to their being more buyers than sellers. Vendors do not have to wait long until they receive a firm offer. Expect capital growth to stay ahead of the national average.
Median House prices and weekly rent returns in Berwick
2 bedroom home $470,500 Rent per week $335
3 bedroom home $610,000 Rent per week $380
4 bedroom home $715,000 Rent per week $450
Median Unit prices and weekly rent returns in Berwick
1 bedroom unit No Data Rent per week $260
2 bedroom unit $402,000 Rent per week $320
3 bedroom unit $525,000 Rent per week $390
Free Real Estate Appraisal Berwick
Are you thinking of selling your home and want to know its market value? Our sales agents give free appraisal on land, houses and units. We base our final price on location to schools, shops and amenities. All properties are different. We will compare recent sales in your street and nearby streets and your suburb.
Free Rental Appraisal Berwick
Are you moving or have you recently purchased an investment property that you want to rent? Our property management team will give you a free and accurate report on your expected weekly rent return. We engage with the owner to determine the length of the rental and the type of tenant required. We manage the entire process from tenant placement, rent collection, maintenance issues and delivering complete taxation files to the owner.
Property Valuation Berwick
Do you want your existing property valued? Did you know there is a difference between a valuation and an appraisal? For instance a property valuation is conducted by a qualified valuer and has a fee attached. An appraisal can be conducted by any real estate sales person or agent. Our office provide appraisals for free. If you need a valuation because you are buying or selling or for other reasons we can put you in touch with the right people.