Berriedale is a smaller suburb in Tasmania within the Glenorchy local government area (postcode 7011). With a population of 2,905, the suburb has an established demographic with a median age of 40. Households earn a median income of $66K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Berriedale is $513,000, having declined 6.8% over the past year. Units have a median price of $417,000 (-7.3% YoY). The current median weekly rent is $487. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,377.
Public transport access includes 23 bus stops.
From an investment perspective, Berriedale offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($513K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -6.8% year-on-year.
Berriedale is a smaller suburb in Tasmania within the Glenorchy local government area (postcode 7011). With a population of 2,905, the suburb has an established demographic with a median age of 40. Households earn a median income of $66K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Berriedale is $513,000, having declined 6.8% over the past year. Units have a median price of $417,000 (-7.3% YoY). The current median weekly rent is $487. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,377.
Public transport access includes 23 bus stops.
From an investment perspective, Berriedale offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($513K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -6.8% year-on-year.