Berwick Real Estate – What It Has To Offer…

There is a diverse variety of Berwick real estate, ranging from the luxury million dollar homes built up on the hills with views back towards Melbourne City Centre (on a clear day you can see the skyscrapers), to brand new first home buyers packages available in the new housing estates.

Berwick real estate offers something for everyone, from small acreage lots in semi-rural areas like what is found around Beaumont Road to smaller affordable house blocks available in estates like Eden Rise and Berwick Springs, which have all the modern conveniences expected in estates which have been developed in the last decade.

Berwick Real Estate Prices

Berwick Real Estate has experienced unprecedented growth in the last 10 years with a number of new housing estates springing up – particularly on the south side of Berwick.

The median house price for Berwick real estate as of March 2010 was A$470,000 and capital growth for Berwick real estate properties has increased by 41% in the period March 2006 – March 2010. (Source REIV)

Investing In Berwick Real Estate.

The phenomenal growth in Berwick real estate presents attractive returns for investors who are looking to increase their property portfolio. There seems to be a never ending demand for rental properties in the area and the local media often report on the difficulty some residents have in obtaining a rental property to lease.

Berwick real estate agents are local experts.

Due to the enormous growth in Berwick during the last 20 years, there is now in excess of 15 Berwick Real Estate companies servicing the area. Berwick Real estate agents have intimate knowledge of the local market, can give you a very accurate market appraisal and are up to date on fluctuating market conditions. Nothing beats the experience of a local Berwick real estate agent.

Berwick Real Estate also includes…

In the last 10 years Berwick and its surrounding districts have included huge growth in retail shopping. Fountain Gate Shopping Centre is located approximately 4 kilometres from Berwick in nearby Narre Warren, and is one of the largest Westfield shopping centres in Australia. There are plans for it to further increase in size with Myer announcing it will build a store within the shopping centre precinct.

Berwick has good public transport available with Berwick train station being part of the Pakenham line which runs through the south eastern suburbs to the city centre, and Berwick also has a comprehensive bus service.

Monash University and Chisholm institute of TAFE both have campuses located near the Berwick Train Station which provides further investment opportunities for property investors who want to invest in Berwick real estate close to the university and TAFE. An investment property set up for student accommodation can provide a very good return on investment.

What are the predictions for Berwick Real Estate

It is expected the demand for Berwick real estate will continue to increase with the Real Estate Institute of Victoria (REIV) stating ‘the population of Berwick is expected to grow rapidly on the back of strong residential development’.

Berwick is part of the City of Casey and currently has a population of approximately 47,000 people with the City of Casey having approximately 253,000 residents, with an expected annual growth rate of 2.33% forecast until 2036.

The above graph shows the expected increase in population of the City of Casey over the next 20 years when the population is expected to reach approximately 400,000 by 2036

Source: City of Casey Population and household forecasts 2010.

This graph shows that the demand for Berwick real estate, as part of the City of Casey, is expected to continue with approximately 2200 new dwellings being constructed in 2011, increasing to 3500 new dwellings in 2031.

Berwick Suburb Guide

Berwick is ideally located in the south east growth corridor of Melbourne and is approximately 45 kilometres south east of Melbourne’s city centre

Today Berwick is a pleasant mix of old and new. The main shopping strip along High Street and the streets leading off High Street have a 19th-century English village look. A lot of historic buildings still remain in and around Berwick along with many manicured gardens and streets lined with deciduous trees.

Some of the historic buildings still being used today include The Berwick Inn, originally known as the Border Hotel, which was built in 1857 and the nearby Berwick Mechanics Institute and Free Library which moved to its present site in 1880. There are still several churches around the town centre which date back to the late 1800s.

The pleasant mix of old and new is what gives Berwick its distinctive charm. Much of the old world charm has been retained in the main street with the older buildings and wide street, but this ole world charm mixes in beautifully with the many newer contemporary style cafes and restaurants which have opened in recent years.

Wilson Botanic Park – A Very Popular Local Attraction.

Wilson Botanic Park is a 39 hectare site which was originally a basalt quarry that commenced commercial operations in the mid 1850’s supplying rock fill used in the construction of the Gippsland railway line, and it continued as a commercial entity until 1979.

In 1992 the site was donated to the community by Mr George Wilson, grandson of the original landowners. Since 1992 it has evolved into an oasis of gardens, flora and birdlife, picnic areas and scenic walking trails with lookouts. It also has some spectacular exposed rock formations, unique fossils which are more than 22 million years old and three picturesque lakes.

Wilson Botanical Park is a great place to spend a few hours with the family relaxing, of just finding a quiet spot to spend alone and take in the tranquil surroundings… it is sure to lower your stress levels.

Discover Berwick Real Estate for yourself