Giving property investors a a stable capital gain of 9.70% for the last year, Old Bar, 2430 is the 1184th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Old Bar,2430 has racked up an average of 9.70% over the period. This ranks it number 1377th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -2.72% to buyers in Old Bar at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 9.42 sales per month, which equates to 113 per year.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 1.78%.
Giving property investors a a solid capital gain of 19.57% for the last year, Old Bar, 2430 is the 118th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Old Bar has given property investors a paper return of 8.70%. This puts Suburb as 31 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Old Bar are currently offering property investors an average price cut of -2.89% below the asking price at the moment.
The NSW suburb of Old Bar, 2430 is in the Greater Taree local government area.