Bangor is in the TOP 30% in NSW when comparing median price capital growth over the last year. Bangor gave property investors a good capital gain figure when compared to the rest of the state, with 15.61%.
Comparing Bangor,2234 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Bangor should be aiming for at least -1.06% off the asking price, which is the average vendor discount being achieved at the moment.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.44%, without taking into account capital value appreciation, which has been averaging out at 7.95%.
Investment property in Bangor has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.54%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bangor has increased when compared to the 5 year average annual rate.
In the last year 15 properties changed hands in Bangor, which puts it as the 514th most active market in NSW when comparing the number of sales per suburb.