Investment property in Old Bar has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.96%
Comparing Old Bar,2430 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Old Bar are currently offering property investors an average price cut of -2.78% below the asking price at the moment.
At number 2463 in a list of fastest selling suburbs, Old Bar is in the bottom 40% of suburbs in Australia with an average of days on market 96.04 for properties listed there.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.19%, investors should hope to achieve an overall return of 4.49%
Investment property in Old Bar has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
Old Bar,2430 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Old Bar is giving property investors an average Vendor Discount of around -3.56%. This puts suburb at number 338th in NSW when ranking the most discounted suburbs.
The NSW suburb of Old Bar, 2430 is in the Greater Taree local government area.