Berwick
- Thread starter Tranquilo
- Start date
Hi
I personally like Berwick. I think the main street has a great village feel, it has major conveniences such as Fountain Gate shopping centre and all its bulky goods stores around it.
I also like that Berwick is in very close proximity to the commercial/industrial hub of Hallam. I consider Berwick as a safe area to invest in and you should always be able to find a better tenant versus other suburbs such as Frankston that have properties available in the similar price range.
Regards,
alicudi
I personally like Berwick. I think the main street has a great village feel, it has major conveniences such as Fountain Gate shopping centre and all its bulky goods stores around it.
I also like that Berwick is in very close proximity to the commercial/industrial hub of Hallam. I consider Berwick as a safe area to invest in and you should always be able to find a better tenant versus other suburbs such as Frankston that have properties available in the similar price range.
Regards,
alicudi
Interesting to hear your thoughts afterwards.
Hi
I live in Berwick and have a PPOR in Berwick. Berwick is not an inner city suburbs but it has a lot of potential depending on investment strategy.
You won't be able to subdivide or develop a block yet. However there is sub division happening in narre Warren and sub dividable stock in narre Warren goes really quick.
Rental market is really strong because of schools, take, Monash uni, hospitals and Westfield shopping centre.
IIt's not a bad area if you planning to buy and hold or if you planning to do make some renovation and add some value but if you are looking to develop or sub divide, then come back in 5 years.
Growth has been close to 10% in the last year. My other friend has 2 investment properties and has never had any issues finding a tenant.
I will stay away from Dandenong Hallam.
It really depends on your investment strategy to decide if it suits you or not.
I live in Berwick and have a PPOR in Berwick. Berwick is not an inner city suburbs but it has a lot of potential depending on investment strategy.
You won't be able to subdivide or develop a block yet. However there is sub division happening in narre Warren and sub dividable stock in narre Warren goes really quick.
Rental market is really strong because of schools, take, Monash uni, hospitals and Westfield shopping centre.
IIt's not a bad area if you planning to buy and hold or if you planning to do make some renovation and add some value but if you are looking to develop or sub divide, then come back in 5 years.
Growth has been close to 10% in the last year. My other friend has 2 investment properties and has never had any issues finding a tenant.
I will stay away from Dandenong Hallam.
It really depends on your investment strategy to decide if it suits you or not.
Thanks anshu806 for that info. Yes its to hold for many years.
Pieman Berwick has a train station not sure on how good the rail network is tho.
Now I only have a budget of $350,000 and I want a house not anything with strata attached. So this is why I was looking at Geelong and Berwick.
Here is something on Berwick...
Berwick
Affordability, multimillion-dollar infrastructure and a growing population create a hat-trick for Berwick, located 43km southeast of the Melbourne CBD. Property value is also likely to continue on an upward trend looking ahead, as development land release areas in Berwick and adjacent Narre Warren South have been exhausted. There is the possibility of future development within the town centre, however, and investors would be wise to keep an eye open for these opportunities.
Transport is on the up in Berwick, with a recently opened $55.6m freeway extension. The now-four-lane carriageway offers easier access for the 30,000-plus vehicles travelling between Berwick and the Princes Highway each day.
Victorian government officials say the extension also makes local travel easier for residents to access Monash University, Berwick Station and Berwick Activity Centre. Stage two of the St John of God Berwick Hospital redevelopment is also in the planning phase and will include 200 new beds, eight operating theatres and other specialised services units. The second stage is expected to be completed by 2016.
Berwick has a median price of $450,000 for a house and $334,000 for a unit. Offering five-year growth of 27% and a rental yield of 5% on units, Berwick?s property is well within the reach of investors. At present, the lowest-priced rental property advertised is $210 per week for a bedsit and the highest is $695 for a six-bedroom executive home in Bellbird Park Estate.
Primarily the home of married couples, who make up 59% of residents, Berwick attracts growing families ? and there must be something in the water at South Berwick, which recorded a population growth of 150% over the 10-year period ending 2011. Berwick as a whole has a population of 75,400, with 9% growth since 1991.
Pieman Berwick has a train station not sure on how good the rail network is tho.
Now I only have a budget of $350,000 and I want a house not anything with strata attached. So this is why I was looking at Geelong and Berwick.
Here is something on Berwick...
Berwick
Affordability, multimillion-dollar infrastructure and a growing population create a hat-trick for Berwick, located 43km southeast of the Melbourne CBD. Property value is also likely to continue on an upward trend looking ahead, as development land release areas in Berwick and adjacent Narre Warren South have been exhausted. There is the possibility of future development within the town centre, however, and investors would be wise to keep an eye open for these opportunities.
Transport is on the up in Berwick, with a recently opened $55.6m freeway extension. The now-four-lane carriageway offers easier access for the 30,000-plus vehicles travelling between Berwick and the Princes Highway each day.
Victorian government officials say the extension also makes local travel easier for residents to access Monash University, Berwick Station and Berwick Activity Centre. Stage two of the St John of God Berwick Hospital redevelopment is also in the planning phase and will include 200 new beds, eight operating theatres and other specialised services units. The second stage is expected to be completed by 2016.
Berwick has a median price of $450,000 for a house and $334,000 for a unit. Offering five-year growth of 27% and a rental yield of 5% on units, Berwick?s property is well within the reach of investors. At present, the lowest-priced rental property advertised is $210 per week for a bedsit and the highest is $695 for a six-bedroom executive home in Bellbird Park Estate.
Primarily the home of married couples, who make up 59% of residents, Berwick attracts growing families ? and there must be something in the water at South Berwick, which recorded a population growth of 150% over the 10-year period ending 2011. Berwick as a whole has a population of 75,400, with 9% growth since 1991.
Hi
Thanks for that info Tranquilo.
May I ask D-one and pieman, when was the last time either of you went to Berwick and what were your thoughts of the town at that point in time.
I only ask as I am trying to see Berwick from other peoples perspectives and not just my own as I want to make my money work best for me when I buy an investment.
As a town that has absolutely everything one could need, I thought Berwick was the higher class of attraction in the City of Casey. It surely has a different demographic to Cranbourne. It really seems like a suitable place as far as investment goes.
Regards,
alicudi
Thanks for that info Tranquilo.
May I ask D-one and pieman, when was the last time either of you went to Berwick and what were your thoughts of the town at that point in time.
I only ask as I am trying to see Berwick from other peoples perspectives and not just my own as I want to make my money work best for me when I buy an investment.
As a town that has absolutely everything one could need, I thought Berwick was the higher class of attraction in the City of Casey. It surely has a different demographic to Cranbourne. It really seems like a suitable place as far as investment goes.
Regards,
alicudi
My wife's family lives in Berwick. Has someone has said, for a family home, Berwick is alright. It's has some decent schools.
As far as investments go, there are heaps of land ready to be released around the area, especially, going towards the Cranbourne way. I believe there are better locations to invest in, not as as far from Melbourne.
We have just moved from Berwick to Chadstone. We lived in Berwick (PPoR) for 5+ years which is now an IP.
We found the lifestyle to be excellent. We decided to move closer to the city since we both work in the city fulltime.
Rental market is strong for family homes - ours leased in a week. However, not sure how much stock you'll find in your price range. Nice houses go for between $500k-$900k.
Hope this helps.
We found the lifestyle to be excellent. We decided to move closer to the city since we both work in the city fulltime.
Rental market is strong for family homes - ours leased in a week. However, not sure how much stock you'll find in your price range. Nice houses go for between $500k-$900k.
Hope this helps.
Hi
I am appreciating these replies with positives and negatives on Berwick.
1) I wouldn't spend $900,000 in Berwick unless it is one of those beautiful properties with a nice house on several acres.
2) I don't consider all the new land releases especially towards Cranbourne a threat to the property prices in Berwick. I actually think the more land releases in these outerish parts of the area such as Narre Warren/Clyde/Cranbourne to increase the pricing and demand for the Berwick residential area itself.
Please keep all the replies coming in no matter what you think of the area.
Regards,
alicudi
I am appreciating these replies with positives and negatives on Berwick.
1) I wouldn't spend $900,000 in Berwick unless it is one of those beautiful properties with a nice house on several acres.
2) I don't consider all the new land releases especially towards Cranbourne a threat to the property prices in Berwick. I actually think the more land releases in these outerish parts of the area such as Narre Warren/Clyde/Cranbourne to increase the pricing and demand for the Berwick residential area itself.
Please keep all the replies coming in no matter what you think of the area.
Regards,
alicudi
Pieman, what you will get in Berwick with 900k and what you get in inner city with that money are two very different products and will cater to different needs.
