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Berwick, VIC 3806

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Strong Growth

Median House

$930,000

market range $875K-$1.1M

Median Unit

$720,000

market range $675K-$750K

Gross Yield

-

1yr Growth (houses)

+6.8%

market range +2.5% to +15.0%

Investment snapshot for Berwick

Berwick has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Berwick market and investor summary

Berwick (VIC 3806) runs a median house price of $930K. House prices have moved +6.8% over the past year and +7.6% over three years. At 2.3% vacancy, it is a broadly balanced rental market.

Living in Berwick: people, income and schools

Berwick is home to around 50,298 people, and the area has been growing steadily, up about 7% over five years. The median age is 38, broadly working-age, and 75% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

Households here earn a median of about $110,000 a year, or roughly $2,110 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.5 times local household income, in line with much of metropolitan Australia. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.

There are 33 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 42 km from the CBD. It is fairly car-dependent; the suburb scores 43 for walkability and 98 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
50,298
+7% over 5yr
Median age
38 years
Median household income
$110,000/yr
Households renting
22%
Family households
81%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
33
avg ICSEA 1133
Unemployment
3.3%
Distance to CBD
42 km
Walk score
43/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Berwick

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Frequently asked questions about Berwick

What should I check before investing in Berwick?

Berwick has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +6.8% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Berwick?

The median property price in Berwick, VIC 3806 is $930K for houses and $720K for units.

What does recent house price growth show for Berwick?

House prices in Berwick are up 6.8% over the past year and up 7.6% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Berwick?

The current vacancy rate in Berwick is 2.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.

How many people live in Berwick?

Berwick has a population of approximately 50,298 residents, with a median age of 38.

What schools are near Berwick?

There are 33 schools within roughly 5km of Berwick. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Berwick affordable to buy in?

A median house in Berwick costs about 8.5 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 Berwick's population growing?

The population of Berwick has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Berwick from the CBD?

Berwick is about 42 km from the CBD.

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