Old Bar has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.11% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Old Bar comes in at number 692th in NSW.
Sellers are offering property buyers an average discount of -3.40% to buyers in Old Bar at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Old Bar the average time real estate has been on the market is 100.76 days.
Investment property in Old Bar has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 26.48%
Taking the average capital gain, or increase in median house value, Old Bar,2430 has racked up an average of 26.48% over the period. This ranks it number 181th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Old Bar is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 177th in terms of most discounted suburbs in NSW
Situated 220.17km from the CBD, Old Bar is one of Greater Taree localities in the postcode 2430.