Investment property in Bathurst has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.17%
Comparing Bathurst,2795 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Bathurst is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 629th in terms of most discounted suburbs in NSW
At number 2094 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 86.6 for properties listed there.
Situated 156.59km from the CBD, Bathurst is one of Bathurst Regional localities in the postcode 2795.
Bathurst has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 1.79% 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.
LACK OF BUYER INTEREST may well be the reason that Bathurst is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 310th in terms of most discounted suburbs in NSW
With the median price for a house in Bathurst being $285000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 4.74%
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.