Berringer Lake is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2539). With a population of 30, the suburb has a mature demographic with a median age of 49. Households earn a median income of $47K per year, with an average household size of 2 people. The most common occupations are technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Berringer Lake is $915,000, having surged 36.6% over the past year. Units have a median price of $650,000. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,037.
The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Berringer Lake offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($915K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 19.6x is considered stretched. House prices have moved +36.6% year-on-year.
Berringer Lake is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2539). With a population of 30, the suburb has a mature demographic with a median age of 49. Households earn a median income of $47K per year, with an average household size of 2 people. The most common occupations are technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Berringer Lake is $915,000, having surged 36.6% over the past year. Units have a median price of $650,000. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,037.
The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Berringer Lake offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($915K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 19.6x is considered stretched. House prices have moved +36.6% year-on-year.