Suburb Profile Report for Old Bar NSW (2430)

Old Bar House: Median price $450,000, Annual capital growth 3.68%, Number of sales 105, Weekly median advertised rent $380

Old Bar Unit: Median price $320,000, Annual capital growth 3.92%, Number of sales 43, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 13.92% for the last 12 months, Old Bar, 2430 has performed for property investments than its average annual 3.68% property growth over the last 5 years.

Old Bar,2430 was ranked 2080 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 -3.67%. This puts suburb at number 938th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Old Bar the average time real estate has been on the market is 97.2 days.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

At number 197th in the list of Australian suburbs ordered by increase in median house value over the last year, Old Bar, 2430 is in the top 20% with a property value increase of 18.85% recorded in median house prices.

A 41.12% growth in median value for property investors in Old Bar,2430 puts this suburb at number 167th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Old Bar should be aiming for at least -4.21% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Old Bar being $320000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.04%

Metrics i HOUSE UNIT
$450,000 $320,000
1.12% 3.23%
13.92% 18.85%
3.68% 3.92%
$380 $310
105 43
4.39% 5.04%
97.2 100.42

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Old Bar NSW
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