Beresfield is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2322). With a population of 3,267, the suburb has an established demographic with a median age of 39. Households earn a median income of $65K per year, with an average household size of 2.3 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Beresfield is $755,000, having risen modestly 2% over the past year. Units have a median price of $575,000 (-11.5% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,484.
Beresfield is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 915, which is below the national average of 1,000. Public transport access includes 1 rail station, 27 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Beresfield offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($755K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.6x is considered stretched. House prices have moved +2.0% year-on-year.
Beresfield is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2322). With a population of 3,267, the suburb has an established demographic with a median age of 39. Households earn a median income of $65K per year, with an average household size of 2.3 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Beresfield is $755,000, having risen modestly 2% over the past year. Units have a median price of $575,000 (-11.5% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,484.
Beresfield is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 915, which is below the national average of 1,000. Public transport access includes 1 rail station, 27 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Beresfield offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($755K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.6x is considered stretched. House prices have moved +2.0% year-on-year.