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 9.41%
While Bangor,2234 ranked number 484th in NSW for increase in median house value (annualised) increase, it is ranked 582th over the last 5 years.
Sellers are offering property buyers an average discount of -1.91% to buyers in Bangor at the moment, which is less than average for the rest of NSW.
Situated 23.27km from the CBD, Bangor is one of Sutherland Shire localities in the postcode 2234.
At number 524th 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 7.92% recorded in median house prices.
Our latest figures would indicate that property sellers in Bangor are currently offering property investors an average price cut of -2.52% below the asking price at the moment.
Often selling an investment property can take time, and in Bangor the average time real estate has been on the market is 41.8 days.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 4.05%, without taking into account capital value appreciation, which has been averaging out at 6.24%.