At number 1207th in the list of Australian suburbs ordered by increase in median house value over the last year, Bangor, 2234 is in the top 30% with a property value increase of 10.18% recorded in median house prices.
The five-year average increase in median property values for Bangor,2234 has given property investors a potential capital gain of 41.62% across each of those five years.
Property buyers and investors in Bangor 2234 should be seeing an average reduction in asking price of around -2.36% . This means that Bangor is holding prices well when compared to other suburbs in NSW.
Bangor, 2234’s gross rental yield is 3.75%
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 7.98%
If we look at median property appreciation over just the last three months, Bangor has given property investors a paper return of 0.23%. This puts Suburb as 274 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Bangor should be aiming for at least -5.41% off the asking price, which is the average vendor discount being achieved 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 61.07 days.