Suburb Profile Report for Bogangar NSW (2488)

Bogangar House: Median price $575,000, Annual capital growth 4.59%, Number of sales 51, Weekly median advertised rent $495

Bogangar Unit: Median price $407,000, Annual capital growth 3.59%, Number of sales 42, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Bogangar, 2488 should be ok 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 4.07%

If we look at median property appreciation over just the last three months, Bogangar has given property investors a paper return of 2.86%. This puts Suburb as 576 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Bogangar should be aiming for at least -4.80% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 653.27km from the CBD, Bogangar is one of Tweed localities in the postcode 2488.

With a capital gain of 17.97% for the last 12 months, Bogangar, 2488 has performed for property investments than its average annual 3.59% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Bogangar,2488 has racked up an average of 17.97% over the period. This ranks it number 269th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bogangar, 2488. Typically our figures indicate that -3.42% is being offered, which puts this NSW suburb at 1230th most discounted overall in Australia.

With the median price for a house in Bogangar being $407000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 5.11%

HOUSE UNIT
$575,000 $407,000
2.86% 3.04%
4.07% 17.97%
4.59% 3.59%
$495 $400
51 42
4.48% 5.11%
64.14 96.72

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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