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%