Suburb Profile Report for Bega NSW (2550)

Bega House: Median price $298,000, Annual capital growth 2.83%, Number of sales 106, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Bega, 2550 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.50%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bega has increased when compared to the 5 year average annual rate.

Vendor discounting in Bega is giving property investors an average Vendor Discount of around -5.78%. This puts suburb at number 466th in NSW when ranking the most discounted suburbs.

Advertised rents are around the $320 mark per week – giving a return of 5.58% based on the median price in Suburb

HOUSE UNIT
$298,000 N/A
-0.67% N/A
-0.50% N/A
2.83% N/A
$320 N/A
106 N/A
5.58% N/A
126.78 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 4756
Median household income ($/weekly) 838
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 639 13.4
    35-44 years 553 11.6
    45-54 years 672 14.1
    55-64 years 571 12.0
    65-74 years 474 10.0
    Others 1846 38.8
    Age Group
    Census Count Percent(%)
    Registered Married 1488 44.6
    Not Married 1447 43.4
    Defacto Relationship 402 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4129 92.1
    New Zealand 30 0.7
    Papua New Guinea 34 0.8
    United Kingdom 163 3.6
    Other 38 0.8
    Others 89 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 0.8
    Christianity 3136 72.9
    Hinduism 13 0.3
    Other Religious Groups 16 0.4
    No Religion 1083 25.2
    Others 18 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 187 11.3
    $400-$599 262 15.9
    $600-$799 206 12.5
    $800-$999 193 11.7
    $1,500-$1,999 185 11.2
    Others 616 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1518 43.0
    Employed, worked full-time 1068 30.3
    Employed, worked part-time 720 20.4
    Employed, away from work 125 3.5
    Unemployed, looking for work 97 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 262 13.7
    Technicians & trades workers 254 13.2
    Clerical & administrative workers 235 12.3
    Sales 222 11.6
    Labourers 383 20.0
    Others 561 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 77 7.4
    Infants/Primary 395 37.8
    Secondary 353 33.8
    Technical or Further Educational Institution 131 12.5
    University or other Tertiary Institutions 73 7.0
    Others 16 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3917 89.7
    Flat, unit or apartment 277 6.3
    Semi-detached, row or terrace house, townhouse 155 3.6
    Caravan, cabin, houseboat 9 0.2
    House or flat attached to a shop, office 7 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 675 37.6
    Being purchased 557 31.0
    Rented 553 30.8
    Other tenure type 9 0.5
    Tenure Type
Census 2011, ABS
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