Question 1

Is Berkeley Vale a nice place to live?

Accepted Answer

Berkeley Vale sits along the western edge of Tuggerah Lake and has a relaxed, waterside feel. The neighbourhood is mainly residential, with established brick houses and pockets of newer townhouses on tree-lined streets, and it commonly attracts families and people after a quieter pace with easy access to outdoor recreation. Foreshore reserves, local parks and playgrounds give plenty of room for weekend activity, while larger shopping and services in Wyong and Tuggerah and connections to the rail and road network make day-to-day errands and commuting straightforward.

It is a community of 8,951 people with a median age of 36 and is weighted towards families, with a high rate of owner-occupation (about 78.5% of homes). Local facilities include Berkeley Vale Private Hospital, Ted Doyle Oval with its district-level skate park, and Berkeley Vale Public School, which is undergoing asbestos remediation works. Whether Berkeley Vale suits you comes down to whether lakeside access, parks and a largely owner-occupied suburban community fit what you want.

Question 2

Is it expensive to live in Berkeley Vale?

Accepted Answer

Buying a house in Berkeley Vale sits well above what local households earned at the last Census: the median house price of $1,057,500 is about 11.4 times a typical local annual household income at the last Census. Looking at renting, a house rent of $695 a week would use about 38.8% of a typical local household's weekly income at the last Census, which is a sizeable share, while a unit at $475 a week would take about 26.5%, a moderate share.

On these figures, renting—particularly a unit—looks less stretched against local incomes at the last Census than buying does; whether that feels expensive for you will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Berkeley Vale a good place to invest?

Accepted Answer

Unit values jumped 20.6% over the past year, a strong rise, while house values increased 11.1%, a solid gain. Over the same period house rents rose 6.9%, a solid increase, but unit rents fell 1.0%, a slight decline. For someone weighing Berkeley Vale as an investment, these figures show that units produced much stronger capital growth last year while houses were the part of the market that delivered rental-income growth. Whether that pattern suits you will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.06M	N/A
Change in value Past 12 months	11.1%	20.6%
Sold Past 3 months	42	3
Median days on market Past 12 months	24	N/A
Average rent Past 12 months	$695	$475
Change in rent Past 12 months	6.9%	-1.0%

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