At number 1314th in the list of Australian suburbs ordered by increase in median house value over the last year, Bangor, 2234 is in the top 40% with a property value increase of 8.88% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Bangor,2234 has racked up an average of 8.88% over the period. This ranks it number 781th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Bangor is $1072500, with sellers offering an average of -2.93% off the asking price.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.64%, without taking into account capital value appreciation, which has been averaging out at 7.08%.
Investment property in Bangor has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.68%
Bangor,2234 has offered an average of 11.68% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Bangor is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 426th in terms of most discounted suburbs in NSW
Bangor is 316th on a list of best yielding suburbs for rents in NSW with a 4.00% return