At number 502th in the list of Australian suburbs ordered by increase in median house value over the last year, Bogangar, 2488 is in the top 20% with a property value increase of 19.45% recorded in median house prices.
Over the longer term, Bogangar has seen property prices show investors a 30.58% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Bogangar should be aiming for at least -4.05% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1064 in a list of fastest selling suburbs, Bogangar is in the TOP 30% of suburbs in Australia with an average of days on market 56.15 for properties listed there.
Using the current median advertised rental of $545 and the average annual increase in value of a median property of 4.80%, investors should hope to achieve an overall return of 4.21%
Investment property in Bogangar 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 -2.53%
Across a shorter period, Bogangar, 2488 has seen a median price increase of -2.16% over the last quarter.
Our latest figures would indicate that property sellers in Bogangar are currently offering property investors an average price cut of -2.14% below the asking price at the moment.
Advertised rents are around the $400 mark per week – giving a return of 5.40% based on the median price in Suburb