Suburb Profile Report for Bogangar NSW (2488)

Bogangar House: Median price $592,500, Annual capital growth 4.40%, Number of sales 53, Weekly median advertised rent $505

Bogangar Unit: Median price $428,000, Annual capital growth 3.87%, Number of sales 40, 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 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%.

Metrics i HOUSE UNIT
$592,500 $428,000
3.04% 5.94%
8.32% 16.07%
4.40% 3.87%
$505 $400
53 40
4.43% 4.86%
55.35 75.45

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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
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