Old Bar has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.45% to date .
A 40.36% growth in median value for property investors in Old Bar,2430 puts this suburb at number 294th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Old Bar are currently offering property investors an average price cut of -2.20% below the asking price at the moment.
With the median price for a house in Old Bar being $426000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.27%
With a capital gain of 5.82% for the last 12 months, Old Bar, 2430 has performed for property investments than its average annual 2.80% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Old Bar comes in at number 494th in NSW.
Sellers are offering property buyers an average discount of -4.03% to buyers in Old Bar at the moment, which is less than average for the rest of NSW.
In the last year 38 properties changed hands in Old Bar, which puts it as the 325th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Old Bar, 2430 is in the Greater Taree local government area.