Suburb Profile Report for Bangor NSW (2234)

Bangor House: Median price $1,072,500, Annual capital growth 7.08%, Number of sales 68, Weekly median advertised rent $750

Bangor Unit: Median price $835,000, Annual capital growth 8.17%, Number of sales 16, Weekly median advertised rent $650

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.88% for the last 12 months, Bangor, 2234 has performed for property investments than its average annual 7.08% property growth over the last 5 years.

The five-year average increase in median property values for Bangor,2234 has given property investors a potential capital gain of 54.87% across each of those five years.

Vendor discounting in Bangor is giving property investors an average Vendor Discount of around -2.69%. This puts suburb at number 1167th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.

Property investors should expect to get $750 weekly from the median priced house in this suburb.

Property investors who have had real estate in Bangor, 2234 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.23%

If we look at median property appreciation over just the last three months, Bangor has given property investors a paper return of 8.65%. This puts Suburb as 43 on a list of fastest fasting appreciating suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Bangor itself are offering an average vendor discount of -3.13% to real estate investors.

Often selling an investment property can take time, and in Bangor the average time real estate has been on the market is 45.4 days.

With the median price for a house in Bangor being $835000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 4.05%

HOUSE UNIT
$1,072,500 $835,000
5.67% 8.65%
8.88% 10.23%
7.08% 8.17%
$750 $650
68 16
3.64% 4.05%
53.26 45.4

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 5620
Median household income ($/weekly) 2171
Median age of persons 40
Median housing loan repayment ($/monthly) 2498
Average household size 3
  • Census Count Percent(%)
    5-14 years 730 13.0
    25-34 years 595 10.6
    35-44 years 668 11.9
    45-54 years 823 14.6
    55-64 years 1020 18.1
    Others 1784 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 2568 59.9
    Not Married 1544 36.0
    Defacto Relationship 175 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4527 82.6
    Papua New Guinea 58 1.1
    South Africa 64 1.2
    United Kingdom 278 5.1
    Other 137 2.5
    Others 417 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 0.8
    Christianity 4464 84.9
    Hinduism 25 0.5
    Islam 40 0.8
    No Religion 669 12.7
    Others 22 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 213 13.1
    $2,000-$2,499 193 11.9
    $2,500-$2,999 248 15.3
    $3,000-$3,499 197 12.1
    $4,000 or more 146 9.0
    Others 627 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2004 44.7
    Not in the labour force 1184 26.4
    Employed, worked part-time 1019 22.7
    Employed, away from work 172 3.8
    Unemployed, looking for work 103 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 473 14.8
    Professionals 746 23.3
    Technicians & trades workers 418 13.1
    Clerical & administrative workers 633 19.8
    Sales 332 10.4
    Others 593 18.6
    Occupation
    Census Count Percent(%)
    Pre-school 108 7.6
    Infants/Primary 471 33.1
    Secondary 433 30.5
    Technical or Further Educational Institution 105 7.4
    University or other Tertiary Institutions 282 19.8
    Others 23 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4909 91.2
    Semi-detached, row or terrace house, townhouse 363 6.7
    Flat, unit or apartment 107 2.0
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 832 47.1
    Fully owned 795 45.0
    Rented 133 7.5
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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