Suburb Profile Report for Old Bar NSW (2430)

Old Bar House: Median price $405,000, Annual capital growth 2.19%, Number of sales 114, Weekly median advertised rent $350

Old Bar Unit: Median price $249,000, Annual capital growth 0.91%, Number of sales 41, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Old Bar has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.96%

Comparing Old Bar,2430 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Old Bar are currently offering property investors an average price cut of -2.78% below the asking price at the moment.

At number 2463 in a list of fastest selling suburbs, Old Bar is in the bottom 40% of suburbs in Australia with an average of days on market 96.04 for properties listed there.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.19%, investors should hope to achieve an overall return of 4.49%

Investment property in Old Bar has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

Old Bar,2430 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Old Bar is giving property investors an average Vendor Discount of around -3.56%. This puts suburb at number 338th in NSW when ranking the most discounted suburbs.

The NSW suburb of Old Bar, 2430 is in the Greater Taree local government area.

HOUSE UNIT
$405,000 $249,000
2.53% -7.52%
10.96% 0.00%
2.19% 0.91%
$350 $260
114 41
4.49% 5.43%
96.04 86.48

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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
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Recent sales & rentals