Berwick Property Market Update 2nd Half 2025
Berwick, Victoria, offers a perfect blend of suburban charm and modern convenience, with great schools, cafés, and easy access to Melbourne via freeway or train. Its leafy streets and nearby parks create a peaceful, family-friendly atmosphere ideal for settling down.
Property Trends
In 2025, Berwick recorded a median house price of $870,000 and a median unit price of $680,000. This represents an annual (Q2 2024 – Q2 2025) price growth of 3.2% for houses and 0.7% for units. Comparing Q2 2024 and Q2 2025, total sales increased by 7.0% for houses (to 244 sales in Q2 2025) and 17.5% for units (to 47 sales in Q2 2025). This suggests a highly demanded market, which has benefited from cash rate cuts.
Most sales were in the premium price bracket of $1,000,000 and above for houses (31.1%) and in the middle price bracket between $600,000 to $699,999 for units (31.7%), benefiting owners who wish to capitalise on their investments. With a limited pipeline of ready-to-sell stock planned for 2025, supply will remain insufficient to meet current and growing demand. This will place more pressure on prices; thus, buyers must act fast.
Project Development
Berwick will see approximately $67.3M of new projects commencing construction from 2025, with a primary focus on the infrastructure sector. Key residential projects include: 31 Kramer Drive Units ($2.5M, 5 units), 60–62 Golf Links Road ($1.2M, 3 dwellings), and 6 Graneel Grove Townhouses ($1.7M, 3 townhouses).
The 2025 residential pipeline has 15 townhouses, 17 units, and 7 dwellings planned. This is not enough to answer for demand, based on Q2 2025 sales (244 houses). Thus, the imbalance between low supply and high demand will continue.
Rental Market & Growth
House rental yields in Berwick were 3.7% in August 2025. This is paired with a stable median house rental price in the past 12 months to Q2 2025, at $580 per week, along with a 14.8% increase in the number of houses rented (to 186 rentals in Q2 2025). This confirms a highly demanded house rental market, which is beneficial for investors.
Vacancy Rates & Property Investment
Berwick recorded a vacancy rate of 1.6% in August 2025, which is well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%. This suggests a quicker occupancy for rental homes. This confirms a conducive investment environment in Berwick, even with a higher house sales price (thus entry price) in Q2 2025.
