Berkeley, NSW
FAIR VALUE3,912 sales · 34 years of data · NSW, Australia
Berkeley, NSW Property Market Overview
Berkeley, NSW, postcode 2506, presents an interesting snapshot of the Illawarra property market. Located near Wollongong, this suburb has a substantial history of property transactions, with 3,912 recorded sales spanning 34 years. As of early 2026, the current median property price (all types) in Berkeley sits at $800,000, with houses slightly higher at $810,000 and apartments at $720,000.
Berkeley's property market offers a mix of housing options, reflected in its median prices for houses and apartments. The suburb's long-term growth is notable, with a full-period Compound Annual Growth Rate (CAGR) of 6.9%. This indicates a consistent, albeit not explosive, growth pattern over the past three decades. Berkeley provides a range of options for potential residents and investors alike.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Berkeley
Top streets in Berkeley, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Semaphore Rd | $950,000 |
| 2 | Short St | $850,000 |
| 3 | Essex St | $780,000 |
| 4 | Halyard St | $815,000 |
... and 119 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Shearwater Dr | $2,032/m² |
| 2 | Pennant Cres | $1,419/m² |
| 3 | Warehouse Pl | $6,125/m² |
| 4 | Halyard St | $2,544/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Derby St | +11.7% |
| 2 | Kelly St | +8.1% |
| 3 | York St | +8.3% |
| 4 | Gallop St | +9.1% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 3 Short St | $850,000 |
| 2 | 18 Halyard St | $815,000 |
| 3 | 161 Berkeley Rd | $635,000 |
| 4 | 13 Warehouse Pl | $125,000 |
... and 159 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Berkeley analysis
123 streets and 163 buildings to explore
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Berkeley at a Glance
Berkeley, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Berkeley, NSW
Living in Berkeley offers a blend of suburban tranquility and convenient access to amenities. The suburb is located near Lake Illawarra, providing residents with opportunities for water activities and scenic views. Berkeley is home to Berkeley West Public School, catering to the educational needs of local families. Nearby shopping centres, such as Warrawong Plaza, offer a range of retail and dining options.
Berkeley's community character is generally considered family-friendly and community-oriented. Parks and reserves provide green spaces for recreation and relaxation. While Berkeley doesn't have its own train station, regular bus services connect residents to nearby train stations and other parts of the Illawarra region. The suburb offers a mix of housing options, contributing to a diverse and welcoming atmosphere.
Other key features include Berkeley Neighbourhood Centre, and the local soccer club. The suburb has a relaxed, coastal vibe.
Who Buys in Berkeley?
Berkeley attracts a diverse range of buyers, including families, first home buyers, and investors. The median property price of $800,000 (all types) makes it relatively accessible compared to some other Sydney suburbs. The 8.6% strata percentage indicates a significant proportion of apartment living, which often appeals to first home buyers and investors.
The historical CAGR of 7.2% (10-year) suggests potential for capital growth, attracting investors looking for long-term returns. Families are drawn to Berkeley's schools and parks, while the relatively affordable housing options make it attractive to first home buyers. Berkeley caters to a broad spectrum of buyers seeking value and lifestyle.
Market Analysis
Analysing Berkeley's current market position reveals that it is near its long-term trend, indicating fair value. This means that, as of early 2026, property prices in Berkeley are neither significantly overvalued nor undervalued compared to their historical performance. Understanding the property cycle is crucial for anyone looking to buy or sell in Berkeley.
A market near its long-term trend suggests a stable environment. While potential buyers might not find deeply discounted properties, they also avoid the risk of purchasing at the peak of a bubble. The fair value position in Berkeley implies that price movements are more likely to be driven by broader economic factors and local market dynamics rather than speculative surges.
Is Berkeley a Good Investment?
Analysing Berkeley's property market reveals several factors that influence its growth patterns. The 10-year CAGR of 7.2% and the full-period CAGR of 6.9% demonstrate consistent growth over the past decade and longer term. These historical growth rates, observed as of early 2026, reflect the suburb's overall appeal and market dynamics.
The fact that Berkeley is near its long-term trend (fair value) suggests a stable market environment. This position indicates that property prices are neither significantly overvalued nor undervalued, reducing the risk of a sharp correction. The suburb's location, amenities, and housing mix contribute to its overall investment potential. Berkeley's investment appeal lies in its balance of affordability, growth potential, and lifestyle factors.
While this isn't financial advice, Berkeley's consistent growth, coupled with its current market position, suggests stability. The suburb's proximity to Wollongong and its evolving infrastructure also contribute to its long-term prospects.
Berkeley Market Outlook
As of early 2026, Berkeley's property market remains near its long-term trend. Recent price trends have shown steady growth, reflecting the suburb's overall appeal and market dynamics. The suburb's fair value position suggests stability in the short to medium term.
While broader economic factors and interest rate movements may influence future price movements, Berkeley's underlying fundamentals remain strong. The suburb's location, amenities, and housing mix contribute to its resilience. The market outlook for Berkeley is cautiously optimistic, with expectations of continued steady growth.
Streets & Location in Berkeley, NSW
Berkeley, located within the 2506 postcode, features a variety of streets with varying property values. Top streets by median price in Berkeley include HALYARD ST, BURKE WAY, and SHEARWATER DR. With a total of 123 streets, Berkeley offers a diverse range of residential environments.
The location of a property within Berkeley significantly impacts its value. Proximity to amenities, parks, and transport links often influences property prices. The suburb's layout and street characteristics contribute to its overall appeal and market dynamics.
Market Dynamics
Market transaction patterns in Berkeley are reflected in the average settlement days, which currently stand at 51 days. This timeframe indicates the typical duration between agreeing on a sale and completing the property transaction in Berkeley. The quick-flip percentage is not available, meaning there is no data on properties being bought and sold quickly.
Understanding these market dynamics is crucial for both buyers and sellers in Berkeley. Settlement times can influence decision-making and negotiation strategies. While the absence of quick-flip data indicates a lack of short-term trading, it doesn't necessarily reflect overall investor activity.
Development & Density
Berkeley features a mix of housing types, with a noticeable presence of apartment buildings. There are 163 apartment buildings in Berkeley, contributing to the suburb's overall development density. This density reflects the availability of different housing options and affordability levels within the suburb.
The presence of apartment buildings also impacts the suburb's character and demographics. Higher density areas often attract a different demographic profile compared to predominantly detached housing areas. Berkeley's development density contributes to its unique market dynamics and property values.
Growth & Property Mix
Berkeley's historical growth rates provide context for understanding its investment potential. The suburb has experienced a 10-year CAGR of 7.2% and a 20-year CAGR of 5.7%. The full-period CAGR of 6.9% reflects the overall long-term growth trajectory of the Berkeley property market. These figures, observed as of early 2026, highlight the historical performance.
The property mix in Berkeley includes both houses and apartments, with apartments representing 8.6% of the market (strata percentage). This composition influences the overall median price and potential rental yields. The historical growth rates should be considered alongside individual property characteristics and broader market conditions.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.