Located in New South Wales within the Shoalhaven local government area, Berry is a smaller suburb (postcode 2535). The area has roughly 3,098 residents and a predominantly older resident base, with a median age of 57. Households earn a median income of $78K per year, with an average household size of 2.3 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, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Berry stand at $1.6 million, having fallen sharply by 8.6% over the last twelve months. Units have a median price of $890,000 (+3.5% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,167.
Berry is served by 1 school, including 1 primary. The average ICSEA score is 1067, which is above the national average of 1,000. Public transport access includes 1 rail station, 1 ferry wharf, 67 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.8% (low yield). Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 20.6x is considered stretched. House prices have moved -8.6% 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.