Located in New South Wales within the Snowy Monaro Regional local government area, Berridale is a close-knit residential community (postcode 2628). It is home to about 1,300 residents, with a mature demographic and a median age of 45. Households earn a median income of $76K per year, with an average household size of 2.3 people. 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward accommodation & food and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Berridale stand at $670,000, having risen solidly by 8.1% over the last twelve months. Units have a median price of $415,000 (-22.4% YoY). The current median weekly rent is $548. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Berridale is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 40 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.3% (moderate yield). Property prices sit below the state median ($670K/$1.5M), which can point to relative value. The price-to-income ratio of 8.9x is considered moderate. House prices have moved +8.1% year-on-year.