Suburb Profile Report for Old Bar NSW (2430)

Old Bar House: Median price $407,500, Annual capital growth 2.57%, Number of sales 110, Weekly median advertised rent $350

Old Bar Unit: Median price $254,000, Annual capital growth 1.24%, Number of sales 39, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 6.87% which means that Old Bar, 2430 has done well for property investors by showing a capital gain of 10.58% over the last year

Over the longer term, Old Bar has seen property prices show investors a 29.37% return over the last 3 years. This is worse than over the last 12 months

Old Bar, 2430 is offering NSW ‘s 1145th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

Property value increases in Old Bar have tracked just lower than the NSW average of 5.41% over the last 12 months.

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

The most recent median price for Old Bar is $254000, with sellers offering an average of -4.41% off the asking price.

Situated 227.84km from the CBD, Old Bar is one of Greater Taree localities in the postcode 2430.

HOUSE UNIT
$407,500 $254,000
2.39% -5.66%
10.58% 2.01%
2.57% 1.24%
$350 $280
110 39
4.47% 5.73%
99.5 98.82

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4271
Median household income ($/weekly) 805
Median age of persons 45
Median housing loan repayment ($/monthly) 1430
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 536 12.5
    35-44 years 512 12.0
    45-54 years 540 12.6
    55-64 years 580 13.6
    65-74 years 528 12.4
    Others 1576 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 1629 52.2
    Not Married 1206 38.7
    Defacto Relationship 285 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3616 89.8
    New Zealand 24 0.6
    Papua New Guinea 34 0.8
    United Kingdom 209 5.2
    Other 34 0.8
    Others 111 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 1.1
    Christianity 3115 79.1
    Islam 7 0.2
    Other Religious Groups 24 0.6
    No Religion 740 18.8
    Others 12 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 175 11.3
    $400-$599 288 18.6
    $600-$799 211 13.6
    $800-$999 156 10.1
    $1,000-$1,249 149 9.6
    Others 568 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1624 49.2
    Employed, worked full-time 858 26.0
    Employed, worked part-time 581 17.6
    Unemployed, looking for work 144 4.4
    Employed, away from work 94 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 304 19.8
    Technicians & trades workers 253 16.5
    Community & personal service workers 184 12.0
    Clerical & administrative workers 193 12.6
    Labourers 188 12.3
    Others 410 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 88 10.0
    Infants/Primary 325 36.8
    Secondary 310 35.1
    Technical or Further Educational Institution 96 10.9
    University or other Tertiary Institutions 50 5.7
    Others 15 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3320 83.1
    Semi-detached, row or terrace house, townhouse 537 13.4
    Flat, unit or apartment 111 2.8
    Improvised home, tent, sleepers out 7 0.2
    House or flat attached to a shop, office 15 0.4
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 717 42.9
    Rented 514 30.7
    Being purchased 419 25.0
    Other tenure type 23 1.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals