Property value increases in Bangor have tracked just lower than the NSW average of 6.38% over the last 12 months.
A 42.76% growth in median value for property investors in Bangor,2234 puts this suburb at number 456th in terms of best performing suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bangor, 2234. Typically our figures indicate that -3.32% is being offered, which puts this NSW suburb at 3481th most discounted overall in Australia.
In the last year 70 properties changed hands in Bangor, which puts it as the 454th most active market in NSW when comparing the number of sales per 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 9.29%
While Bangor,2234 ranked number 124th in NSW for increase in median house value (annualised) increase, it is ranked 82th over the last 5 years.
Vendor discounting in Bangor is giving property investors an average Vendor Discount of around -2.97%. This puts suburb at number 399th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 7.25%, investors should hope to achieve an overall return of 4.18%