Located in Tasmania within the Glenorchy local government area, Berriedale is a compact suburb (postcode 7011). With a population of 2,905, the suburb has an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. TAS 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. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Berriedale is $513,000, having declined by 6.8% over the past year. Units have a median price of $417,000 (-7.3% YoY). The current median weekly rent is $465. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,377.
Public transport access includes 23 bus stops.
On the investment side, Gross rental yield sits at around 4.7% (moderate yield). Property prices sit below the state median ($513K/$750K), which can point to relative value. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -6.8% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.