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Berrimal, VIC 3518
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$370,000
Median Unit
$235,000
list-price estimate
Gross Yield (houses)
5.7%
1yr Growth
-
Investment snapshot for Berrimal
Berrimal has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Berrimal market and investor summary
In Berrimal, VIC 3518, the median house sells for around $370K, on a gross rental yield of 5.7% for houses. At 4.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.7% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 4.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Berrimal: people, income and schools
Berrimal has a resident population of roughly 52, a number that has held fairly steady over five years. At a median age of 58, it reads as an older, established demographic, and families account for 74% of households.
The typical household income runs to around $48,000 a year (about $930 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to about 7.6 times local household income, in line with much of metropolitan Australia. Incomes have risen about 31% over five years, which tends to underpin what local buyers can pay.
- Population
- 52
- +1% over 5yr
- Median age
- 58 years
- Median household income
- $48,000/yr
- Households renting
- 11%
- Family households
- 74%
- Socio-economic rank
- 1/10
- ABS advantage index
- Unemployment
- 5.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Berrimal
No properties currently listed in Berrimal
Search Berrimal listings →Frequently asked questions about Berrimal
What should I check before investing in Berrimal?
Berrimal has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.7%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Berrimal?
The median property price in Berrimal, VIC 3518 is $370K for houses.
What rental yield does Berrimal show?
The gross rental yield in Berrimal is 5.7% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Berrimal?
The current vacancy rate in Berrimal is 4.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Berrimal?
Berrimal has a population of approximately 52 residents, with a median age of 58.
Is Berrimal affordable to buy in?
A median house in Berrimal costs about 7.6 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Berrimal's population growing?
The population of Berrimal has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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