Question 1

Is Berriedale a nice place to live?

Accepted Answer

Berriedale is a riverside, primarily residential suburb on the Derwent's eastern shore with a foreshore reserve, mature street trees and a mix of single-storey weatherboard and brick homes alongside pockets of unit development. The Brooker Highway runs nearby, giving clear road access and regular bus links to the city, and local shops and services sit close to the highway and in adjacent centres. The suburb offers riverside walks, parkland and a quietly suburban lifestyle that appeals to families, commuters and people who want green space without straying far from urban conveniences.

The community of 2,905 has a median age of 40 and is dominated by couple families, with owner-occupiers outnumbering renters by about two to one. A council masterplan guides use of the peninsula and foreshore, and upgrades to the foreshore track and a proposed all-abilities playspace are in the local program alongside intersection and playspace works. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Berriedale?

Accepted Answer

On the figures, housing in Berriedale sits well above what a typical local household earned at the last Census. A median house price of $657,500 works out to about 10.0 times a typical local annual household income at the last Census (annual income $65,624), which is a high multiple against local incomes.

If you're renting, the average house rent of $550 a week would take about 43.6% of a typical local household's weekly income at the last Census, which is a large share. Whether that feels expensive 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 Berriedale a good place to invest?

Accepted Answer

Over the past 12 months, house values in Berriedale rose 11.9% while house rents increased 10.0%. Both figures are strong by the usual bands, so the suburb's house market showed notable capital growth alongside strong rental growth over the year, with values rising slightly more than rents. If rental income is your main priority, the rent change is the number to watch; if you care about capital growth, focus on the value change.

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	$658K	N/A
Change in value Past 12 months	11.9%	N/A
Sold Past 3 months	14	2
Median days on market Past 12 months	24	N/A
Average rent Past 12 months	$550	N/A
Change in rent Past 12 months	10.0%	N/A

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