Suburb Profile Report for Bogangar NSW (2488)

Bogangar House: Median price $672,500, Annual capital growth 4.80%, Number of sales 55, Weekly median advertised rent $545

Bogangar Unit: Median price $385,000, Annual capital growth 2.58%, Number of sales 39, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$672,500 $385,000
2.67% -2.16%
19.45% -2.53%
4.80% 2.58%
$545 $400
55 39
4.21% 5.40%
56.15 52.9

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Bogangar NSW
Demographics
Total population 3099
Median household income ($/weekly) 965
Median age of persons 39
Median housing loan repayment ($/monthly) 1680
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 468 15.1
    25-34 years 272 8.8
    35-44 years 490 15.8
    45-54 years 566 18.3
    55-64 years 362 11.7
    Others 942 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 996 44.5
    Not Married 963 43.0
    Defacto Relationship 279 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2569 86.6
    Papua New Guinea 90 3.0
    United Kingdom 172 5.8
    United States of America 12 0.4
    Other 44 1.5
    Others 79 2.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1868 66.0
    No Religion 884 31.2
    Buddhism 52 1.8
    Other Religious Groups 25 0.9
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 142 13.3
    $600-$799 139 13.0
    $800-$999 110 10.3
    $1,000-$1,249 100 9.4
    $1,500-$1,999 137 12.8
    Others 440 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 818 35.0
    Employed, worked full-time 734 31.4
    Employed, worked part-time 582 24.9
    Unemployed, looking for work 121 5.2
    Employed, away from work 83 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 255 18.3
    Technicians & trades workers 235 16.8
    Community & personal service workers 200 14.3
    Clerical & administrative workers 160 11.5
    Labourers 181 13.0
    Others 365 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 58 7.4
    Infants/Primary 273 34.7
    Secondary 266 33.8
    Technical or Further Educational Institution 88 11.2
    University or other Tertiary Institutions 83 10.6
    Others 18 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2039 69.0
    Semi-detached, row or terrace house, townhouse 708 24.0
    Flat, unit or apartment 195 6.6
    Caravan, cabin, houseboat 11 0.4
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 475 40.3
    Being purchased 411 34.8
    Fully owned 291 24.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals