Berri is a smaller suburb in South Australia within the Berri Barmera local government area (postcode 5343). With a population of 4,143, the suburb has an established demographic with a median age of 42. Households earn a median income of $54K per year, with an average household size of 2.1 people. The most common occupations are labourers, professionals, community & personal service. The top ancestries reported are English, Australian, German.
Units have a median price of $265,000 (+18.3% YoY). The current median weekly rent is $315. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,040.
Berri is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 932, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Berri Barmera LGA is higher than average at 9,558 incidents per 100,000 population.
From an investment perspective, Berri offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($265K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +18.3% year-on-year.
Berri is a smaller suburb in South Australia within the Berri Barmera local government area (postcode 5343). With a population of 4,143, the suburb has an established demographic with a median age of 42. Households earn a median income of $54K per year, with an average household size of 2.1 people. The most common occupations are labourers, professionals, community & personal service. The top ancestries reported are English, Australian, German.
Units have a median price of $265,000 (+18.3% YoY). The current median weekly rent is $315. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,040.
Berri is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 932, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Berri Barmera LGA is higher than average at 9,558 incidents per 100,000 population.
From an investment perspective, Berri offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($265K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +18.3% year-on-year.