Property investors who have had real estate in Old Bar, 2430 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 9.33%
Old Bar,2430 was ranked 616 in Australia by increase in median property value over the quarter.
Vendor discounting in Old Bar is giving property investors an average Vendor Discount of around -2.70%. This puts suburb at number 1161th in NSW when ranking the most discounted suburbs.
Residents and property investors in Old Bar have been waiting around 86.13 days to sell a property.
If you compare the increase in value of investment property in Old Bar, 2430 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 16.06%.
Over the longer term, Old Bar has seen property prices show investors a 17.07% return over the last 3 years. This is worse than over the last 12 months
Old Bar, 2430 is offering NSW ‘s 413th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
With the median price for a house in Old Bar being $269250 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 5.12%