Property investors who have had real estate in Bogangar, 2488 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.32%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bogangar has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.40% to buyers in Bogangar at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $6060 per annum or $505 every week.
Property value increases in Bogangar have tracked higher than the NSW average of 6.07% over the last 12 months.
Taking the average capital gain, or increase in median house value, Bogangar,2488 has racked up an average of 16.07% over the period. This ranks it number 219th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Bogangar is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 393th in terms of most discounted suburbs in NSW
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.86%, without taking into account capital value appreciation, which has been averaging out at 3.87%.