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Median values are calculated based on data over a 12 month period.

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Market Report

In Berwick, the median property price for a house is currently 875,000 with annual capital growth of 4.17 . There were 811 house sales in the past 12 months. On average, houses spend 25 days on market.

If you're thinking about buying an investment property in Berwick, consider that rental yields for houses are currently 3.43 with an average median rent of 600 weekly. Houses have seen 0.00 growth in the past quarter, and 4.17 growth in the past 12 months.

The size of Berwick is approximately 33.6 square kilometres. It has 72 parks covering nearly 10.3% of total area. The population of Berwick in 2011 was 44,779 people. By 2016 the population was 47,677 showing a population growth of 6.5% in the area during that time. The predominant age group in Berwick is 40-49 years.

Households in Berwick are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Berwick work in a professional occupation. In 2011, 78% of the homes in Berwick were owner-occupied compared with 75.4% in 2016.

In Berwick, the median property price for a unit is currently 650,000 with annual capital growth of -1.52 . There were 125 unit sales in the past 12 months. On average, units spend 47 days on market.

If you're thinking about buying an investment property in Berwick, consider that rental yields for units are currently 4.15 with an average median rent of 540 weekly. Units have seen 0.00 growth in the past quarter, and -1.52 growth in the past 12 months.

The size of Berwick is approximately 33.6 square kilometres. It has 72 parks covering nearly 10.3% of total area. The population of Berwick in 2011 was 44,779 people. By 2016 the population was 47,677 showing a population growth of 6.5% in the area during that time. The predominant age group in Berwick is 40-49 years.

Households in Berwick are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Berwick work in a professional occupation. In 2011, 78% of the homes in Berwick were owner-occupied compared with 75.4% in 2016.

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Key Market Data House Unit
Median price 875,000 650,000
Quarterly growth 0.00 0.00
12-month growth +4.17 -1.52
Average annual growth +5.48 +4.97
Weekly median rent 600 540
Gross rental yield 3.43 4.15
Number of Sales (12m) 811 125
Avg. Days on Market (12m) 25 47
Jump to Market Trends
Key Demographics 2011 2016
Total population 44,779 47,677
Population change (5y) +22.96 +6.50
Median household income (p/w) 1,564 1,737
Household income change (5y) +23.73 +11.06
Median age of persons 34 36
Jump to Demographics Trends
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