Suburb Profile Report for Bangor NSW (2234)

Bangor House: Median price $1,100,000, Annual capital growth 7.39%, Number of sales 66, Weekly median advertised rent $750

Bangor Unit: Median price $835,000, Annual capital growth 6.24%, Number of sales 16, Weekly median advertised rent $650

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,100,000 $835,000
2.56% N/A
11.96% 10.96%
7.39% 6.24%
$750 $650
66 16
3.55% 4.05%
65.44 40.8

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 5620
Median household income ($/weekly) 2171
Median age of persons 40
Median housing loan repayment ($/monthly) 2498
Average household size 3
  • Census Count Percent(%)
    5-14 years 730 13.0
    25-34 years 595 10.6
    35-44 years 668 11.9
    45-54 years 823 14.6
    55-64 years 1020 18.1
    Others 1784 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 2568 59.9
    Not Married 1544 36.0
    Defacto Relationship 175 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4527 82.6
    Papua New Guinea 58 1.1
    South Africa 64 1.2
    United Kingdom 278 5.1
    Other 137 2.5
    Others 417 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 0.8
    Christianity 4464 84.9
    Hinduism 25 0.5
    Islam 40 0.8
    No Religion 669 12.7
    Others 22 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 213 13.1
    $2,000-$2,499 193 11.9
    $2,500-$2,999 248 15.3
    $3,000-$3,499 197 12.1
    $4,000 or more 146 9.0
    Others 627 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2004 44.7
    Not in the labour force 1184 26.4
    Employed, worked part-time 1019 22.7
    Employed, away from work 172 3.8
    Unemployed, looking for work 103 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 473 14.8
    Professionals 746 23.3
    Technicians & trades workers 418 13.1
    Clerical & administrative workers 633 19.8
    Sales 332 10.4
    Others 593 18.6
    Occupation
    Census Count Percent(%)
    Pre-school 108 7.6
    Infants/Primary 471 33.1
    Secondary 433 30.5
    Technical or Further Educational Institution 105 7.4
    University or other Tertiary Institutions 282 19.8
    Others 23 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4909 91.2
    Semi-detached, row or terrace house, townhouse 363 6.7
    Flat, unit or apartment 107 2.0
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 832 47.1
    Fully owned 795 45.0
    Rented 133 7.5
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals