Berridale is a small community in New South Wales within the Snowy Monaro Regional local government area (postcode 2628). With a population of 1,300, the suburb has a mature demographic with a median age of 45. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Berridale is $655,000, having grown strongly 9.2% over the past year. Units have a median price of $415,000 (-22.4% YoY). The current median weekly rent is $405. This gives a gross rental yield of approximately 3.2%. 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 2,178 incidents per 100,000 population.
From an investment perspective, Berridale offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($655K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +9.2% year-on-year.
Berridale is a small community in New South Wales within the Snowy Monaro Regional local government area (postcode 2628). With a population of 1,300, the suburb has a mature demographic with a median age of 45. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Berridale is $655,000, having grown strongly 9.2% over the past year. Units have a median price of $415,000 (-22.4% YoY). The current median weekly rent is $405. This gives a gross rental yield of approximately 3.2%. 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 2,178 incidents per 100,000 population.
From an investment perspective, Berridale offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($655K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +9.2% year-on-year.