Family safety the key
A SAFE place to raise a family is a key point among many people when talking about the outer eastern suburb of Berwick.
It’s set on Melbourne’s eastern fringe, yet offers its residents all that would be expected from an inner suburb, like quality shopping, a huge selection of local public and private schools and a public hospital.
Being on the outer means Berwick offers plenty of green space for its residents, either surrounding the growing area, or within at places like the Wilson Botanic Park.
The former country town has been subsumed by suburban sprawl, with popular family designs from the 1980s and ’90s and modern designs lining its streets.
Berwick’s median house price of $520,000 is below the Melbourne median, but still offers buyers good capital growth, with CoreLogic RP Data recording prices up 7.3 per cent in the past 12 months.
And with properties on the market quickly snapped up and vendor discounting at 3.3 per cent, conditions appear strong for investors and sellers.
O’Brien, Berwick, agent Paul Rogers said the suburb attracted a mix of buyers.
“We get first-home buyers, because of the new estates, we get second-home buyers, people with young families who are looking to upgrade, but we find a lot of people who live in Berwick want to stay in Berwick,” he said.
“At the same time, we’ve got people who are looking to downsize, looking for something smaller, closer to that village area.”
Mr Rogers said Berwick offered value for money, with more buyers moving out from Melbourne’s middle suburbs, like Glen Waverley, Mt Waverley and Rowville.
“It used to be the outer suburbs, now we’re collecting people who are selling their places for $1.2 million and are finding value for money,” Mr Rogers said.
He said prices varied from $350,000 to $400,000 for homes on smaller blocks in the new estates to larger homes that attracted multi-million price tags.