Suburb Profile Report for Bangor NSW (2234)

Bangor House: Median price $1,133,000, Annual capital growth 7.95%, Number of sales 66, Weekly median advertised rent $750

Bangor Unit: Median price $818,500, Annual capital growth 6.04%, Number of sales 15, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Unit Report

Bangor is in the TOP 30% in NSW when comparing median price capital growth over the last year. Bangor gave property investors a good capital gain figure when compared to the rest of the state, with 15.61%.

Comparing Bangor,2234 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Bangor should be aiming for at least -1.06% off the asking price, which is the average vendor discount being achieved at the moment.

A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.44%, without taking into account capital value appreciation, which has been averaging out at 7.95%.

Investment property in Bangor has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.54%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bangor has increased when compared to the 5 year average annual rate.

In the last year 15 properties changed hands in Bangor, which puts it as the 514th most active market in NSW when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$1,133,000 $818,500
3.00% -3.25%
15.61% 5.54%
7.95% 6.04%
$750 $650
66 15
3.44% 4.13%
58.91 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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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
Chart Table
Recent sales & rentals