Median unit prices in NSW's Berkeley Vale grew more than national average

Median unit prices in NSW's Berkeley Vale grew more than national average
Median unit prices in NSW's Berkeley Vale grew more than national average

The suburb of Berkeley Vale in NSW's Central Coast region - postcode 2261 - generated a median gross yield of 8 percent on units over the last 12 months, and is in the top 10 on CoreLogic RP Data's latest list of suburbs with the highest median gross yield, according to property value.

Berkeley Vale's yield was well above the national average of 4.63 percent, the data showed.

The median unit sale price in the suburb was $222,000, a little more than half the national average of $438,000.

Berkeley Vale showed impressive growth in median prices over a 12-month period at 5.71 percent, well above the 2.1 percent growth nationally.

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 Median unit prices in NSW's Berkeley Vale grew more than national average

From a rental perspective, the median rent was $340 per week and Berkeley Vale was at seventh place in NSW on yields with a gross yield of 8 percent. 

The suburb had a population of around 46,000 people, according to the last ABS census data.

Property Observer looked up a few units in Berkeley Vale around the median range for renting on www.realestate.com.au.

Median unit prices in NSW's Berkeley Vale grew more than national average

1. A two-bedroom unit at 115/15 Lorraine Ave Berkeley Vale is up for rent for $310 per week. This property last traded for $170,000 in 2003 and was listed in early 2015 with price expectations of more than $199,000, according to CoreLogic RP Data.

 

Tags: 
Residential Market Central Coast

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