Over the last year, property investments in Bangor, 2234 have given investors a capital gain of 11.96%. This compares favourably with the 9.05% for NSW as a whole.
Bangor,2234 was ranked 1605 in Australia by increase in median property value over the quarter.
Bangor2234 is located in NSW which offers an average discount of -5.45% to property investors. Bangor itself is showing figures that indicate -1.89% is the average achievable by property buyers investing in the suburb.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 7.39%.
Bangor has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.96% to date .
Property investors looking for a bargain in Bangor should be aiming for at least -1.90% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 6.24%, investors should hope to achieve an overall return of 4.05%