Bathurst, 2795 ranked 898th in NSW when comparing growth in median property values or capital gain over the last 12 months. Bathurst is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Bathurst,2795 has racked up an average of 4.43% over the period. This ranks it number 2277th in the whole country for real estate investors looking at median house price increases.
At number 679th of NSW’s most discounted properties, Bathurst is in the middle of the state/territory when listing in order of most discounted to least.
At number 2011 in a list of fastest selling suburbs, Bathurst is just in the bottom half of suburbs in Australia with an average of days on market 84.38 for properties listed there.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.03%, investors should hope to achieve an overall return of 4.56%
Bathurst has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.00% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bathurst has increased when compared to the 5 year average annual rate.
Vendor discounting in Bathurst is giving property investors an average Vendor Discount of around -3.75%. This puts suburb at number 299th in NSW when ranking the most discounted suburbs.
Bathurst could soon be known for more than just car races, with the central New South Wales township showing some signs of life.Full summary
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Bathurst could soon be known for more than just car races, with the central New South Wales township showing some signs of life.Close
Median house prices in the town, which has a population of around 6,600, are sitting at $345,000, after growing by 19% over the past three years.
Rental yields are also sitting at a respectable level, with investors receiving 5% returns.
While it may be most well-known for Mount Panorama and the Bathurst 1000, there are other things outside that one day of the year that could make
Bathurst an attractive investment location. The growing Charles Sturt University is on the town’s perimeter, while the town is serviced by both public and private hospitals.
There are also numerous public and private schooling options in the town.
Bathurst is also just a short drive from Orange and the region is becoming a popular tourist destination due to its wineries and historical buildings.