Property value increases in Bathurst have tracked just lower than the NSW average of 10.13% over the last 12 months.
While Bathurst,2795 ranked number 760th in NSW for increase in median house value (annualised) increase, it is ranked 938th over the last 5 years.
The most recent median price for Bathurst is $373000, with sellers offering an average of -4.37% off the asking price.
Often selling an investment property can take time, and in Bathurst the average time real estate has been on the market is 71.72 days.
Situated 150.69km from the CBD, Bathurst is one of Bathurst Regional localities in the postcode 2795.
Over the last year, property investments in Bathurst, 2795 have given investors a capital gain of 1.05%. This compares badly with the 7.74% for NSW as a whole.
Bathurst,2795 has offered an average of 1.05% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Bathurst 2795 should be seeing an average reduction in asking price of around -3.86% . This means that Bathurst is holding prices well when compared to other suburbs in NSW.
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.