Berry is located in the Shoalhaven region of the New South Wales south coast. It is approximately 140km south of Sydney and a leisure 2-hour drive along the Princes Highway will take you into the heart of this little town of about 2,000 residents. Its main street boasts some great restaurants and cafes which proudly use fresh local produce to create some great culinary experiences for both locals and visitors alike. City dwellers are attracted to this location for its laid-back feel and friendly locals. We had lunch at the Berry Sourdough Bakery & Cafe and were not disappointed with our choice of Duck confit with beetroot gnochi, slow-baked shoulder of lamb with olive salsa and kipfler potatoes.
It also has a host of rustic shops where you can find unique bric-a-brac for your home.
The Berry Flea Market is held on the third Sunday of each month and is located in the car park of the Great Southern Hotel.
This quaint little town may be great for a weekend getaway or for those seeking a more permanent “tree change” away from the Sydney city lifestyle. However, I’m not so sure about investment for its own sake as property prices of Berry have at best been declining over the last few years.
|Berry||Median price $||Weekly advertised median rent $||Gross yield $||3-year growth %||5-year growth %||Average annual growth %|
Source: Your Investment Property, March 2010
How it’s calculated:
Median price: Median price for the 12 months to November 2009
Average annual growth: Average percentage change over the past 10 years as a per annum figure
3 and 5-year growth: Median price percentage change over the past 3 and 5 years to November 2009
Weekly median advertised rent: Median price of rental listings for the 12 months to November 2009
Gross yield: Estimated rental return, based on advertised rent to median price