Located in New South Wales within the Shoalhaven local government area, Berrara is a small, quiet locality (postcode 2540). It is home to about 333 residents, with a predominantly older resident base and a median age of 59. Households earn a median income of $66K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Berrara is $984,000, having surged by 20% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.1%. 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 3,639 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.1% (moderate yield). Property prices sit below the state median ($984K/$1.5M), which can point to relative value. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +20.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.