NSW has seen average median house prices change by 7.28% which means that Old Bar, 2430 has done well for property investors by showing a capital gain of 12.33% over the last year
While Old Bar,2430 ranked number 869th in NSW for increase in median house value (annualised) increase, it is ranked 837th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Old Bar itself are offering an average vendor discount of -2.41% to real estate investors.
Residents and property investors in Old Bar have been waiting around 99.85 days to sell a property.
With the median price for a house in Old Bar being $410000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.44%
Over the last year, property investments in Old Bar, 2430 have given investors a capital gain of 7.11%. This compares averagely with the 5.73% for NSW as a whole.
A 3.33% growth in median value for property investors in Old Bar,2430 puts this suburb at number 189th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -4.33% to buyers in Old Bar at the moment, which is less than average for the rest of NSW.
At number 1167 in a list of fastest selling suburbs, Old Bar is in the bottom 30% of suburbs in Australia with an average of days on market 103.29 for properties listed there.