Berrara is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 333, the suburb has an older demographic with a median age of 59. Households earn a median income of $66K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Berrara is $984,000, having surged 20% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,684.
Public transport access includes 9 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Berrara offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($984K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +20.0% year-on-year.
Berrara is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 333, the suburb has an older demographic with a median age of 59. Households earn a median income of $66K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Berrara is $984,000, having surged 20% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,684.
Public transport access includes 9 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Berrara offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($984K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +20.0% year-on-year.